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0 0 0.0434782608695653 0.0652173913043479 0.0652173913043479 -0.0191304347826086 0.0105434782608696 -0.0190217391304347
Stock impact report

NewGenIvf Provides Update on Status of Potential Reverse Merger with COVIRIX [Yahoo! Finance]

NewGenIvf Group Limited - Class A Ordinary Shares (NIVF) 
Company Research Source: Yahoo! Finance
in Asia helping couples and individuals obtain access to fertility treatments, today announced that the Company is continuing to actively evaluate the terms of the proposed reverse merger (the “Proposed Transaction”) with COVIRIX Medical Pty Ltd ("COVIRIX"). NewGen and COVIRIX (collectively, the “Parties”) have conducted due diligence on each other's business and are continuing to make solid progress towards satisfying the preconditions for completion of the Proposed Transaction. The Parties are targeting completion of the non-binding term sheet (the "Term Sheet") for the Proposed Transaction by the end of August 2024. Mr. Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen commented, “We are pleased to announce our positive progress on the potential reverse merger with COVIRIX. During the due diligence process for the proposed transaction, COVIRIX informed us that its treasury holds a crypto asset with significant market value, almost equivalent to NewGenIvf's current mark Show less Read more
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