Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 61

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 3
Chunk 61
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 proceeding involving the same position and the same subject matter was first brought in Switzerland, or adjudicated in Switzerland, or was earlier adjudicated in a third state and this decis...  

Exchange rate fluctuations between the U. S.
dollar and the Swiss Franc may negatively affect our results.

Under our existing agreements,
we make a significant number of payments in U. S. dollars, Swiss Francs and Euro. Since our reporting currency is the U. S. dollar, financial
line items are converted into U. S. dollars at the applicable exchange rates. As a result, changes and fluctuations in currency exchange
rates between the Swiss Franc, Euro the U. S. dollar could have a material adverse effect on our operating results.

General Risk Factors

We are a foreign private issuer within the
meaning of the rules under the Exchange Act, and as such we are exempt from certain provisions applicable to U. S. domestic public companies,
which may result in less protection than is accorded to investors under rules applicable to domestic U. S. issuers.

Our status as a foreign private
issuer exempts us from compliance with certain SEC laws and regulations and certain regulations of Nasdaq, including the proxy rules,
the short-swing profits recapture rules, and certain governance requirements such as independent director oversight of the nomination
of directors and executive compensation. In addition, we are not required under the Exchange Act to file current reports and financial
statements with the SEC as frequently or as promptly as U. S. domestic companies whose securities are registered under the Exchange Act
and we are exempt from filing quarterly reports with the SEC. Furthermore, as a foreign private issuer, we are also not subject to the
requirements of Regulation FD (Fair Disclosure) promulgated under the Exchange Act.

These exemptions and leniencies
will reduce the frequency and scope of information and protections to which you are entitled as an investor.

We are required to file an
annual report on Form 20-F within four months of the end of each fiscal year. In addition, we intend to publish our results on a half-yearly
basis as press releases, distributed pursuant to the rules and regulations of the Nasdaq. Press releases relating to financial results
and material events will also be furnished to the SEC on Form 6-K. However, the information we are required to file with or furnish to
the SEC will be less extensive and less timely compared to that required to be filed with the SEC by U. S. domestic issuers. As a result,
you may