NLS Pharmaceutics (NLSP) and Kadimastem announced an update regarding the proposed merger. On October 21, NLS received an approval letter from the Nasdaq Listing Center for the listing of its common shares and the trading of the company on the Nasdaq Capital Market after completion of the Merger, under NLS’s new name, NewcelX Ltd., with its new trading symbol for its common shares, (NCEL). Accordingly, the closing of the merger is expected to close on October 30 with the transition to trading under the combined company’s new name beginning October 31, subject to fulfillment of the remaining customary closing conditions.
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