Company: NCEL
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086600
Chunk: 340

Company: NewcelX Ltd.
Filing Date: 2025-09-10
Form: 424B3
Chunk 340
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 the CVR Agreement to the record holders of the outstanding NLS Common Shares as of immediately prior to the Effective Time, to the record holders of the outstanding Preferred Shares (as defined in the CVR Agreement), as of immediately prior to the Effective Time and to the same extent as if such record holders had held the number of NLS Common Shares acquirable upon complete conversion of the Preferred Shares held by such holders into NLS Common Shares, to the record holders of the outstanding Preferred Certificates (as defined in the CVR Agreement), as of immediately prior to the Effective Time and to the same extent as if such holders had held the number of NLS Common Shares acquirable upon complete conversion of the Preferred Certificates held by such holders into NLS Common Shares, and to the holders of the outstanding warrants and pre -fundedwarrants of NLS, as of immediately prior to the Effective Time and to the same extent as if such holders had held the number of NLS Common Shares acquirable upon complete exercise of the warrants held by such holders, in each case as determined in accordance with the conversion or exercise terms then in effect under the applicable governing instruments. The record holders of the outstanding NLS Common Shares and Preferred Shares as of immediately prior to the Effective Time and the holders of the outstanding warrants of NLS as of immediately prior to the Effective Time are referred to herein, collectively, as the Holders. CVRs shall be issued and distributed by NLS in the form of a dividend, in connection with the Merger, to each Holder. Notwithstanding anything to the contrary, the CVR Agreement shall only become effective as of, and contingent upon, the Closing and shall be void ab initio and of no effect upon the valid termination of the Merger Agreement, if signed prior to the Closing. One CVR shall be issued to each Holder for each share of NLS Common Shares beneficially owned by such Holder as of immediately prior to the Effective Time, including (i) each NLS Common Share issuable upon conversion of any Preferred Shares (as defined in the CVR Agreement) and/or Preferred Certificates (as defined 163 in the CVR Agreement) held by such Holder and (ii) each NLS Common Share issuable upon exercise of any warrants and/or pre -fundedwarrants held by such Holder, in each case to the extent outstanding and held by such Holder as of immediately prior to the Effective Time. The CVRs shall not be sold, assigned, transferred, pledged, encumbered