NewGenIVF Locks In Long-Term Financing To Fuel Its Ambitions, Stock Jumps
NewGenIVF Locks In Long-Term Financing To Fuel Its Ambitions, Stock Jumps
The transactions are contingent on entering definitive agreements and meeting certain conditions, including filing a registration statement immediately upon execution of those agreements.NewGenIvf Group Limited (NASDAQ:NIVF) shares are trading higher premarket on Monday after the company inked a binding term sheet with White Lion Capital for a $100 million equity line of credit, expandable to $500 million.
NewGenIvf集團有限公司(納斯達克:NIVF)的股價在週一盤前大幅上漲，此前該公司與白獅資本簽署了一份具有約束力的條款清單，獲得10000萬美元的股權信貸額度，可擴展至50000萬美元。
As per the term sheet, NewGen can sell up to $100 million in common stock to White Lion over an initial 36-month period.
根據條款清單，NewGen可以在初始36個月內向白獅出售高達10000萬美元的普通股。
The amount can increase to $300 million following significant M&A activity and up to $500 million, once $250 million has been drawn.
在重大併購活動後，該金額可以增加到30000萬美元，並且在提款達到25000萬美元時，可以增至50000萬美元。
The transactions are contingent on entering definitive agreements and meeting certain conditions, including filing a registration statement immediately upon execution of those agreements.
這些交易的先決條件是簽署正式協議並滿足某些條件，包括在執行這些協議後立即提交註冊聲明。
Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen, said, "The flexibility to draw capital at our discretion enables us to maintain our strong balance sheet while pursuing potential strategic acquisitions. Moreover, the 36-month term, extendable to 65 months, provides us with a long-term capital partner to support our growth initiatives."
NewGen的創始人、董事長兼首席執行官阿爾弗雷德·蕭永豐表示："按照我們的意願提取資本的靈活性，使我們能夠保持強勁的資產負債表，同時追求潛在的戰略收購。此外，36個月的期限可以延長至65個月，爲我們提供一個長期資本合作伙伴，以支持我們的增長計劃。"
Last month, the company received a noncompliance letter from Nasdaq after failing to maintain a closing bid price of at least $1 per share for 30 consecutive business days.
上個月，該公司收到納斯達克的非合規通知信，因爲未能維持連續30個交易日的收盤買盤價至少爲每股1美元。
Price Action: NIVF shares are up 69% at $1.10 premarket at the last check Monday.
價格動態：截至週一最後檢查，NIVF的股價在盤前上漲了69%，報1.10美元。
Image via Shutterstock
圖片來源：shutterstock
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譯文內容由第三人軟體翻譯。
