Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 767

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 767
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IAL STATEMENTS Accordingly, the accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which contemplate continuation of the Company as a going concern for a period within one year from the issuance of these consolidated financial statements and the realization of assets and satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in these consolidated financial statements do not necessarily purport to represent realizable or settlement values. These consolidated financial statements do not include any adjustment that might result from the outcome of this uncertainty. Note 2 Summary of Significant Accounting Policies: Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP. Any reference in these notes to applicable guidance is meant to refer to the authoritative U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“FASB”). Effective September 27, 2024, the Company filed amended Articles of Association with the commercial registry of Zurich reflecting an increase in share capital to CHF 937,600, divided into 1,172,000registered shares with a nominal value of CHF 0.80each and filed for a 1 -for-40reverse share split. The number of shares outstanding before and after the reverse split were adjusted accordingly on a retrospective basis. Further, on January 14, 2025, the shareholders of NLS approved a change in the par value of the common share from CHF 0.80to CHF 0.03per share, effective January 17, 2025. All share amounts reflect the par value of CHF 0.80as of December 31, 2024 and no adjustments have been made for the change in par value to additional paid in capital for the reduction in par value. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported of assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates and be based on events different from those assumptions. As part of these consolidated financial statements, the Company’s significant estimates include stock -basedcompensation, pension liabilities and the valuation allowance related to the Company’s deferred tax assets. JOBS Act Accounting Election The Company is an “emerging growth company” (“EGC”) as