Core Points - NewGenIvf Group Limited is implementing a reverse stock split at an exchange ratio of one share for twenty shares to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share [5] - The reverse stock split will reduce the number of outstanding Class A Ordinary Shares from approximately 27.07 million to approximately 1.35 million [3] - The reverse stock split will take effect on February 11, 2025, with trading under the current ticker symbol "NIVF" [2] Company Overview - NewGen is a comprehensive fertility services provider in Asia, offering a range of fertility treatments to couples and individuals [7] - The company operates clinics in Thailand, Cambodia, and Kyrgyzstan, providing services such as infertility treatments, egg and sperm donation, and surrogacy [7] - NewGen's management team has over a decade of experience in the fertility industry [7]
NewGen Announces Reverse Stock Split