Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 4

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 4
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 2025, the Company effected a 1-for-20 reverse stock split of its issued and unissued
shares (the “ Reverse Stock Split”). The effect of the reverse stock split was to consolidate every 20 issued and unissued
shares into one share. On February 27, 2025, the Company received a notification letter from Nasdaq, indicating that the closing bid price
of the Company’s securities had been at $1.00 per share or greater for 10 consecutive business days from February 11, 2025 to February
26, 2025, and the Company had regained compliance with the Minimum Bid Price Rule. Notwithstanding the foregoing, if within one year of
the Reverse Stock Split, the Company’s Class A Ordinary Shares fall below $1.00 per share for 30 consecutive business days, or if
within a two-year period from the Reverse Stock Split, the Company effects one or more reverse stock splits with a cumulative ratio of
250 shares or more to one, then Nasdaq may not provide us with an additional compliance period under its amended Listing Rule 5810(c)(3)(A)(iv)
and our common stock could be delisted immediately.

On May 24, 2024, the Company
received a Deficiency Letter from the Listing Qualifications Department (the “ Staff”) of Nasdaq notifying the Company that,
for the preceding 35 consecutive business days, the Class A Shares did not meet the minimum market value of listed securities (” MVLS”)
requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rules 5450(b)(2)(A). In accordance with Nasdaq Rule 5810(c)(3)(C),
the Company has been provided an initial period of 180 calendar days, or until November 20, 2024, the Compliance Date, to regain compliance
with the MVLS Requirement. If, at any time before the Compliance Date, the MVLS for the Class A Shares is at least $50,000,000 for a minimum
of ten consecutive business days, the Staff will provide the Company written confirmation of compliance with the MVLS Requirement. In
the event the Company does not regain compliance with the above requirement prior to the expiration of the compliance period, it will
receive written notification that its securities are subject to delisting.

On May 24, 2024, the Company
received a Deficiency Letter from the Staff of Nasdaq notifying the Company that, for the preceding 35 consecutive business days