Company: NCEL
Filing Date: 2025-07-29
Form Type: F-4/A
Source: 0001213900-25-068765
Chunk: 12

Company: NewcelX Ltd.
Filing Date: 2025-07-29
Form: F-4/A
Chunk 12
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 Franc (CHF) par value per share, preferred share of the Company, 0.03 Swiss Franc (CHF) par value per share (“Preferred Share”) and PPC of the Company, 0.03 Swiss Franc (CHF) par value per certificate (“PPC”), and, ceteris paribus, the market price per share of the NLS Common Share on the Nasdaq, the Board of Directors proposes a reverse stock split (consolidation of the NLS Common Shares, Preferred Shares and PPCs) with a ratio to be determined no later than the morning of the NLS Meeting. The reason for the share split is due to the need for the Company to meet the Nasdaq initial listing requirement, which requires the NLS Common Shares to reflect a closing bid price of at least $4.00 per share. Meeting the Nasdaq initial listing requirement is a closing condition of the Merger Agreement. In order to implement the share split, the amendments to the share capital included in the proposal below are required to be resolved by the NLS Meeting. This includes a capital reduction by way of a reduction of the par value and a technical capital increase as the number of issued NLS Common Shares, issued Preferred Shares and issued PPCs at the time of the reverse share split must be divisible by the reverse split ratio without fractions. As a result of the reverse stock split, the number of outstanding NLS Common Shares, outstanding Preferred Shares and PPCs will be reduced equally for all holders at the reverse split ratio. Concurrently, the par value of each NLS Common Share, Preferred Share and PPC, will be correspondingly increased, while the Company’s share capital value will remain unchanged (except for the marginal capital increases pursuant to this agenda item). Holders of pre -consolidationshares (NLS Common Shares, Preferred Shares or PPCs prior to the reverse stock split) will be “allotted” only whole post -consolidationshare (NLS Common Shares, Preferred Shares or PPCs after the reverse stock split). Any remaining number of pre -consolidationshares held by a shareholder will be rounded down for reasons of operational efficiency and transaction security. The resulting fractions will be settled, and the affected shareholders will receive a cash compensation in CHF for such fraction determined either based on the volume -weightedaverage price of the NLS Common Shares during the last five trading days on Nasdaq immediately prior to the date of the NLS Meeting. The Board of Directors proposes to combine the relevant amendments