Company: NIVFW
Filing Date: 2025-08-22
Form Type: DRS
Source: 0001213900-25-079717
Chunk: 44

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-22
Form: DRS
Chunk 44
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the Company prior to the Business Combination in April of 2024, NewGenIvf Limited, a Cayman Islands exempted company, was established
in 2019, and although its subsidiary First Fertility PGS Center Limited launched fertility services in 2014, has a limited operating history.
As a result of its limited operating history with its current platform of solutions, as well as a limited amount of time serving a majority
of its client base, its ability to accurately forecast its future results of operations, key operating data, net revenue, cash flows,
and operating margins is limited and subject to a number of uncertainties, including its ability to plan for and model future growth.
NewGenIvf’s historical revenue growth should not be considered indicative of its future performance. Further, in future periods,
its revenue growth could slow or decline for a number of reasons, including risks, challenges and uncertainties that NewGenIvf has encountered
and may continue to encounter that are frequently experienced by companies at an early stage, slowing demand for its solutions and fertility
services in general, changes in utilization trends by its clients, general economic slowdown, an increase in unemployment, an increase
in competition, changes to health care trends and regulations, changes to science relating to the fertility market, a decrease in the
growth of the fertility market, or its failure, for any reason, to continue to take advantage of growth opportunities. If NewGenIvf’s
assumptions regarding these risks and uncertainties and its future revenue growth are incorrect or change, or if it does not address these
risks successfully, its operating and financial results could differ materially from its expectations, and its business could suffer.

Our planned Solana strategy may not be successful and exposes us to various risks, including risks associated with the Solana network, SOL token and the blockchain sector.

On June 2, 2025, we announced
plans to invest up to US$30 million in staking the digital asset SOL (the native token of the Solana network) and funding such investment
using our existing credit facilities. SOL is a highly volatile cryptocurrency asset that has traded below US$105 and above $270 per SOL
in the 12 months preceding the date of this registration statement. The trading price of SOL has been highly volatile during prior periods,
experiencing multiple previous significant decreases, and such declines may occur again in the future. In addition, any participation
in staking activities of our SOL holdings could expose us to significant risks associated with staking of digital