Company: NIVFW
Filing Date: 2025-08-21
Form Type: DRS
Source: 0001213900-25-079301
Chunk: 37

Company: NewGenIvf Group Ltd
Filing Date: 2025-08-21
Form: DRS
Chunk 37
---
 December 31, 2024, our net tangible book value was approximately US$(1,580,327), or US$(69.4) per Class A Ordinary Share after giving effect to the Reverse Share Splits. Our net tangible book value per common share is equal to total assets less intangible assets and total liabilities, divided by the number of our outstanding Ordinary Shares. Net tangible book value dilution per share represents the difference between the amount per Class A Ordinary Share paid by the new investors who purchase Class A Ordinary Share in this offering and the pro forma net tangible book value per Class A Ordinary Share immediately after completion of this offering. After giving effect to the assumed sale of Class A Ordinary Share at an assumed public offering price of US$ per share and after deducting commissions and estimated offering expenses payable by us, our pro forma net tangible book value as of December 31, 2024 would have been approximately US$ , or US$ per share. This represents an immediate increase of net tangible book value of approximately US$ per share to our existing shareholders and an immediate dilution in net tangible book value of approximately US$ per share to purchasers of Class A Ordinary Shares in this offering. The following table illustrates this per share dilution:

| Offering price per Class A Ordinary Share                                          
 Net tangible book value per Class A Ordinary Share as of December 31, 2024         |     | US$ | (69.4 | ) |
|:-----------------------------------------------------------------------------------|:----|:----|:------|:--|
| Increase in net tangible book value per Class A Ordinary Share due to the offering |     |     |       |   |
| Pro forma net tangible book value per Class A Ordinary Share after this offering   |     |     |       |   |
| Dilution in net tangible book value per Class A Ordinary Share to new investors    |     |     |       |   |

The table and discussion above are based on 22,770 Class A Ordinary Shares outstanding as of December 31, 2024, which reflect the Reverse Share Splits, and do not include the following securities outstanding as at December 31, 2024, which shall also be adjusted by the Reverse Share Splits if being converted or exercised: Class A Ordinary Shares issuable upon conversion of outstanding convertible bond in the amount of US$2,411,363 and upon exercise of outstanding 9,608,424 (prior to Reverse Stock Splits) share purchase warrants. Each US$ increase or decrease in the assumed offering