Company: NCEL
Filing Date: 2025-03-31
Form Type: 425
Source: 0001213900-25-025889
Chunk: 200

Company: NewcelX Ltd.
Filing Date: 2025-03-31
Form: 425
Chunk 200
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 including all material required to have been filed pursuant to Section 13(a) or 15(d) of the Exchange Act, after
the Commencement Date and prior to the applicable VWAP Purchase Date, shall have been filed with the Commission.

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(vii) No Suspension of Trading in or Notice of Delisting of Common Shares. Trading in the Common Shares shall not have been suspended by
the Commission, the Principal Market or the FINRA (except for any suspension of trading of limited duration agreed to by the Company,
which suspension shall be terminated prior to the applicable VWAP Purchase Date), the Company shall not have received any final and non-appealable
notice that the listing or quotation of the Common Shares on the Principal Market shall be terminated on a date certain (unless, prior
to such date certain, the Common Shares is listed or quoted on any other Principal Market), nor shall there have been imposed any suspension
of, or restriction on, accepting additional deposits of the Common Shares, electronic trading or book-entry services by DTC with respect
to the Common Shares that is continuing, the Company shall not have received any notice from DTC to the effect that a suspension of, or
restriction on, accepting additional deposits of the Common Shares, electronic trading or book-entry services by DTC with respect to the
Common Shares is being imposed or is contemplated (unless, prior to such suspension or restriction, DTC shall have notified the Company
in writing that DTC has determined not to impose any such suspension or restriction).

(viii) Certain Limitations. The issuance and sale of the Shares issuable pursuant to the applicable VWAP Purchase Notice shall not (a) exceed
the applicable VWAP Purchase Share Amount, (b) cause the Aggregate Limit or the Beneficial Ownership Limitation to be exceeded, or (c)
cause the Exchange Cap (to the extent applicable under Section 3.3) to be exceeded, unless in the case of this clause (c), unless the
Company’s shareholders have theretofore approved the issuance of Common Shares under this Agreement in excess of the Exchange Cap
in accordance with the applicable rules of the Principal Market unless the Company’s shareholders have approved the issuance of
Common Shares pursuant to this Agreement in excess of the Exchange Cap in accordance with the applicable rules of the Principal Market,
unless “average price” of all purchases under the Purchase Agreement equals or exceeds the Minimum Price, adjusted to take
into account the Commitment Shares such that issu