NewGenIVF Locks In Long-Term Financing To Fuel Its Ambitions, Stock Jumps
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. As per the term sheet, NewGen can sell up to $100 million in common stock to White Lion over an initial 36-month period. The amount can increase to $300 million following significant M&A activity and up to $500 million, once $250 million has been drawn. The transactions are co