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NewGen to Execute Up to US$2 Million Share Repurchase Program Through Benchmark
Globenewswire· 2026-01-27 13:30
BANGKOK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- NewGenIVF Group Limited (Nasdaq: NIVF) (“NewGen” or the “Company”), a tech-forward, diversified, multi-jurisdictional entity transforming industries through innovative solutions across real estate development, digital asset management and reproductive health solutions, today announced that it intends to execute its previously authorized share repurchase program initially announced on November 10, 2025 through The Benchmark Company, LLC (“Benchmark”), a subsidiary o ...
NewGen Announces Up to US$2 Million Share Repurchase Program
Globenewswire· 2025-11-10 13:30
Core Viewpoint - NewGenIVF Group Limited has announced a share repurchase program, indicating strong confidence in its future growth and belief that its share price is undervalued [1][2][3] Company Overview - NewGenIVF Group is a diversified, tech-forward entity engaged in real estate development, digital asset management, and reproductive health solutions, operating through three strategic divisions: NewGenProperty, NewGenDigital, and NewGenSup [5] Share Repurchase Program Details - The Board has authorized a share repurchase program allowing the company to buy back up to US$2 million of its Class A ordinary shares over the next 24 months, representing over 50% of its current market capitalization [1][2] - The program will be executed in compliance with the Securities Exchange Act of 1934 and will be funded using existing cash reserves [1][3] - The timing and number of shares repurchased will depend on various factors, including stock price and market conditions, and the program may be modified or suspended at management's discretion [3][4] Management's Perspective - The CEO expressed confidence in the company's business model and strategic positioning for long-term growth, emphasizing that the repurchase program is a demonstration of commitment to enhancing shareholder returns [3]
NewGen Announces Proposed Reverse Merger with SAXA, Inc. in a $5 Billion Mining Asset Acquisition Deal, Involving Gold, Silver, and Rare Earth
Globenewswire· 2025-11-03 14:00
Core Viewpoint - NewGenIVF Group Limited is pursuing a proposed reverse merger with SAXA, Inc. to acquire mining assets, which is expected to significantly enhance shareholder equity and transform NewGen into a multi-billion-dollar conglomerate [1][2][3] Proposed Transaction - NewGen plans to issue 500 million shares at US$10 each, totaling US$5 billion, to SAXA shareholders in exchange for specific mining assets valued at US$11 billion [2][4] - The assets include a gold and silver mine with 1.9 million ounces of gold and 4.4 million ounces of silver in measured reserves, and a planned US$1.5 billion dual processing facility for precious metals and rare earths [2][4] - Following the transaction, NewGen will issue an additional 50 million shares at US$5 each, raising US$250 million for further initiatives [4] Ownership Structure - Post-transaction, SAXA shareholders are expected to hold an 85.89% ownership stake in NewGen, with SAXA entitled to nominate a majority of the board of directors [5] Strategic Importance - The merger is positioned to capitalize on the increasing demand for critical minerals essential for U.S. national security and industrial applications, particularly in technologies like semiconductors and electric vehicles [2][3] - The combined entity aims to leverage SAXA's mining expertise and assets to enhance NewGen's diversified portfolio across various sectors [3][10] Company Background - NewGenIVF Group operates in real estate development, digital asset management, and reproductive health solutions, with a focus on innovative technology to drive growth [8] - SAXA, Inc. is an international holdings company with interests in diverse sectors, including mining, aiming to create a global footprint [10]
NewGen Announces Strategic Entry into Art Tokenization Market with $2 Million Private Collection Deal, Expandable to $200 Million
Globenewswire· 2025-10-20 12:30
Core Insights - NewGenIvf Group Limited has signed an engagement letter with World Chinese Museum to act as the worldwide agent for the tokenization of the Client's high-value private art collection [1][2][3] - The initial tranche of artwork to be tokenized is valued at US$2 million, with potential expansion up to US$200 million based on the success of the initial rollout [3] - NewGen will earn a 15% fee on the total value of the tokenized assets, creating a new revenue stream for the Company [3] - The art tokenization market is rapidly growing, providing liquidity and fractional ownership opportunities for investors [4] - The CEO of NewGen emphasized the strategic importance of this initiative in the decentralized finance landscape and highlighted the potential disruption in the art market through blockchain technology [5] Company Overview - NewGenIVF Group operates in three strategic business divisions: NewGenProperty (real estate development), NewGenDigital (digital asset and DeFi solutions), and NewGenSup (health and longevity products) [6] - The Company is positioned to capitalize on emerging opportunities across real estate, healthcare, and digital assets, leveraging technology for sustainable growth [6]
Zacks Small-Cap Research Initiates Coverage on NewGen
Globenewswire· 2025-10-10 13:20
Core Viewpoint - NewGenIVF Group Limited has been initiated for equity research coverage by Zacks Small-Cap Research, highlighting its potential in various high-growth sectors [1]. Group 1: Company Overview - NewGenIVF Group is a diversified, tech-forward entity focusing on real estate development, digital asset management, and reproductive health solutions [2]. - The company operates through three strategic divisions: NewGenProperty (real estate in UAE), NewGenDigital (digital asset and DeFi solutions), and NewGenSup (health and longevity products) [2]. - NewGenIVF Group has a legacy in providing IVF and assisted reproductive treatment services across Asia, positioning it uniquely in the market [2]. Group 2: Market Positioning - The company leverages cutting-edge technology and innovative solutions to drive sustainable growth and high returns on investment for shareholders [2]. - NewGenIVF Group is strategically positioned to capitalize on the convergence of real estate, healthcare, and digital asset opportunities in the evolving global economy [2].