Why Is Fertility Services Provider NewGenIvf Stock Rocketing On Wednesday?
Why Is Fertility Services Provider NewGenIvf Stock Rocketing On Wednesday?
Upon completion of the proposed transaction, EWIHL shareholders are expected to hold approximately 61.6% of NewGen's equity. The company plans to provide further details once a definitive agreement is executed.NewGenIvf Group (NASDAQ:NIVF) shares are surging premarket on Wednesday. The company disclosed that it has entered into a binding term sheet for the previously disclosed reverse merger with European Wellness Investment Holdings Limited (EWIHL).
NewGenIvf集團（納斯達克:NIVF）股票在週三盤前大幅上漲。該公司披露已與歐洲健康投資控股有限公司（EWIHL）達成綁定條款清單，進行先前披露的反向合併。
As per the deal, NewGen plans to issue 141.25 million ordinary shares to the shareholders of EWIHL (or its associates) in exchange for 100% equity interest in EWIHL.
根據協議，NewGen計劃向EWIHL（或其關聯方）的股東發行14125萬普通股，以換取EWIHL的100%股權。
The shares will be issued at a deemed price of $3.20 each, totaling $452 million.
這些股份將以每股3.20美元的名義價格發行，總計45200萬美元。
Upon completion of the proposed transaction, EWIHL shareholders are expected to hold approximately 61.6% of NewGen's equity. The company plans to provide further details once a definitive agreement is executed.
交易完成後，EWIHL的股東預計將持有NewGen約61.6%的股權。該公司計劃在執行最終協議後提供更多細節。
The transaction's completion is contingent upon due diligence, obtaining approval from both the board and stockholders and other necessary conditions.
交易的完成取決於盡職調查、獲得董事會和股東的批准及其他必要條件。
Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen, said, "While we previously explored various alternatives, our ongoing engagement with EWIHL has consistently shown the strongest strategic alignment and potential for value creation. The signing of this binding term sheet demonstrates the progress we've made in our negotiations and provides us with a clear path to definitive agreements."
NewGen的創始人、董事長兼首席執行官邵榮峯表示："雖然我們之前探索了各種替代方案，但與EWIHL的持續接觸始終顯示出最強的戰略一致性和創造價值的潛力。簽署此綁定條款清單表明我們在談判中取得的進展，併爲我們提供明確的路徑以達成最終協議。"
Last month, the company inked a binding term sheet with White Lion Capital for a $100 million equity line of credit, expandable to $500 million.
上個月，該公司與白獅資本簽署了一份綁定條款清單，涉及10000萬美元的信貸額度，可擴展至50000萬美元。
Price Action: NIVF shares are up 38.4% at $0.5410 premarket at the last check Wednesday.
價格走勢：NIVF股票在週三盤前最後一次檢查時上漲38.4%，報0.5410美元。
Price Action:
價格行動：
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Photo via Shutterstock.
照片來自Shutterstock。
