NLS Pharmaceutics Shareholders Approve Merger with Kadimastem, Paving Way for Launch of NewCelX on Nasdaq

Reuters

09/30

NLS Pharmaceutics Shareholders Approve Merger with Kadimastem, Paving Way for Launch of NewCelX on Nasdaq

NLS Pharmaceutics AG announced that its shareholders have approved the proposed merger with Kadimastem Ltd., clearing the final corporate milestone ahead of closing. The combined company will be renamed NewCelX Ltd. and is set to be listed on Nasdaq under the ticker symbol "NCEL." Upon completion, Kadimastem shareholders will own approximately 84.4% of the merged entity, while NLS shareholders will hold 15.6%. The merger brings together Kadimastem's advanced cell therapy programs, including a Phase 2a ALS study of AstroRx® and the IsletRx diabetes candidate, with NLS's expertise in CNS small-molecule therapies. The leadership team will be headed by Ronen Twito as Executive Chairman and CEO of NewCelX.

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: 0001213900-25-093387), on September 30, 2025, and is solely responsible for the information contained therein.

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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. <a href=\"https://laohu8.com/S/NLSP\">NLS Pharmaceutics Ltd.</a> 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. 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