NewGenIvf regains compliance with Nasdaq rule, announces listing transfer

NewGenIvf Group (NIVF) has received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market dated February 27, 2025, informing the Company that it has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5450(a)(1). As previously announced, the Company was notified by Nasdaq on October 8, 2024, that the Company was not in compliance with the Minimum Bid Price Requirement as the closing bid price of the Company’s Class A Ordinary Shares was below $1.00 per share for a period of 30 consecutive business days. According to the Compliance Notice, the Company regained compliance with the Minimum Bid Price Requirement because the closing bid price of the Company’s Ordinary Shares have been $1.00 per share or greater for 10 consecutive business days, from February 11, 2025, to February 26, 2025, and the matter is now closed. Additionally, the Company has received a written notice from the Listing Qualifications Department of Nasdaq dated February 27, 2025, informing the Company that it has received approval to transfer the listing of its securities from the Nasdaq Global Market to the Nasdaq Capital Market. The Company’s Ordinary Shares and publicly traded warrants will continue to trade under the symbols “NIVF” and “NIVFW,” respectively. The transfer of the Company’s listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Company’s securities. This transfer is expected to take effect as of the opening of trading on February 28, 2025.