NLS Pharmaceutics and Kadimastem Set October 30 Closing for Merger and Nasdaq Listing as NewCelX

Reuters10-29

NLS Pharmaceutics and Kadimastem Set October 30 Closing for Merger and Nasdaq Listing as NewCelX

NLS Pharmaceutics and Kadimastem have completed all material conditions required for their merger, with the closing set for October 30, 2025. Following the merger, the combined company will be named NewCelX Ltd. and will be listed on the Nasdaq Capital Market under the ticker symbol "NCEL" starting October 31, 2025. Kadimastem's shares will be delisted from the Tel Aviv Stock Exchange on the same day. The final exchange ratio is 0.706 NLS common shares per Kadimastem ordinary share, following a 1:10 reverse share split of NLS's common shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NLS Pharmaceutics Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-103130), on October 28, 2025, and is solely responsible for the information contained therein.

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