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