Company: NCEL
Filing Date: 2025-10-24
Form Type: POS AM
Source: 0001213900-25-102149
Chunk: 32

Company: NewcelX Ltd.
Filing Date: 2025-10-24
Form: POS AM
Chunk 32
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:

| ● | 2,242,541warrants                                                    
 to purchase 2,242,541 Common Shares issued as part of equity raises; |

| ● | 495,359                                                                                 
 Preferred shares convertible into 495,359 Common Shares issued to accredited investors; |

| ● | 583,198                                                                                                     
 Preferred participation certificates convertible into 613,128 Common Shares issued to accredited investors; |

| ● | 726,787                                                                                   
 Prefunded warrants convertible into 726,787 Common Shares issued to accredited investors; |

| ● | 32,002                                         
 Options convertible into 32,002 Common Shares; |

<div align='center'>DESCRIPTION OF SHARE CAPITAL</div>

This section of the prospectus includes a description of the material terms of the articles of association and of applicable Swiss law. The following description is intended as a summary only and does not constitute legal advice regarding those matters and should not be regarded as such. The description is qualified in its entirety by reference to the complete text of the articles of association, which are filed as an exhibit to the registration statement of which this prospectus forms a part. You are urged to read the full text of the articles of association.

General

NLS is incorporated as a share
corporation (Aktiengesellschaft) organized under the laws of Switzerland in accordance with articles 620 et seqq. of the CO with its registered
office located at The Circle 6, 8058 Zurich, Switzerland, registration number CHE-447.067.367. Neither the articles of association nor
the operation of law limit the duration of NLS.

Capital Structure of the NLS

Issued Share Capital

As of the date of this prospectus,
1,249,904 fully paid-in registered shares (Preferred Shares), with a par value of CHF 0.03, are issued and outstanding, and a participation
capital (non-voting capital) of CHF 18,193.56, divided into 606,452 fully paid-in participation certificates (“PPC”), with
a par value of CHF 0.03, are issued and outstanding.

Share Classes

The articles of association
provide for three different classes of NLS shares: Common Shares, Preferred Shares and PPCs, each with a par value of CHF 0.03. Each Common
Share and Preferred Share will carry one vote in general meetings of NLS, and the Common Shares as well as the Preferred Shares will be
listed on the Nasdaq