Company: NCEL
Filing Date: 2025-10-17
Form Type: POS AM
Source: 0001213900-25-099986
Chunk: 67

Company: NewcelX Ltd.
Filing Date: 2025-10-17
Form: POS AM
Chunk 67
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 value of CHF 0.80each. •Conversion of 598,539registered common shares into 598,539registered preferred shares with a nominal value of CHF 0.80each. •Exchange of 207,913registered common shares and 806,452registered preferred shares into 1,014,365non -votingregistered PPCs with a nominal value of CHF 0.03($ .03689USD) each. PPCs have no voting rights and have the same rights, preferences and privileges as the Preferred Shares. Following this transaction, and in connection with the creation of the PPCs, one of the Company’s accredited investors elected to exchange 806,452of its previously held Preferred Shares for an equivalent number of PPCs. This exchange reduced the number of outstanding Preferred Shares accordingly, while increasing the number of outstanding PPCs by the same amount. As a result, there were no Preferred Shares outstanding for U.S. GAAP purposes as of December 31, 2024. On March 27, 2025, the Company entered into a securities purchase agreement, or the March 2025 SPA, with three accredited investors. Pursuant to the terms of the March 2025 SPA, the Company agreed to issue and sell to the investors, in a private placement offering, 1,212,122Preferred Shares and warrants to purchase common shares with an initial conversion price of $ 1.65per share and exercise price of $ 1.80, for aggregate gross proceeds of $ 2million. The March 2025 SPA closed in two separate tranches on March 28, 2025 and June 27, 2025. Pursuant to the terms of the March 2025 SPA, the Company issued an aggregate of 1,249,904Preferred Shares, 568,278PPCs, and 1,181,818common share warrants with an exercise of $ 1.80per share exercisable immediately for five years and received gross proceeds of $ 3,000,000or $ 1.65per unit of a Preferred Share or PPC and warrant issued (the “March 2025 Offering”). The initial conversion and exercise prices in the Preferred Shares, PPC and common share warrants issued in March and June 2025 are subject to adjustment, for share splits, dividends and the subsequent sale or issuance of equity and equity -linkedinstruments with an effective price per share that is lower than the initial conversion price. During the six months ended June