Please find press release published on the US NASDAQ market overnight by NewGenIvf Group Ltd (“NIVF” in relation to the merger Term Sheet signed with COVIRIX Medical Pty Ltd. GoConnect Ltd holds 43.5% of Go Green Holdings Ltd which holds a major interest of 24% in COVIRIX Medical. The proposed merger values COVIRIX Medical at US$617 million which, when consummated, will involve NIVF issuing its shares at a deemed price of US$6 per share to acquire 100% of COVIRIX Medical. COVIRIX Medical shareholders will then hold 85.8% of the combined NASDAQ listed NIVF entity.
WOW !
Thats $1B AUD
Look out ASX !!! lets go !
GCN Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
in relation to the merger Term Sheet signed with COVIRIX Medical Pty Ltd. GoConnect Ltd holds 43.5% of Go Green Holdings Ltd which holds a major interest of 24% in COVIRIX Medical. The proposed merger values COVIRIX Medical at US$617 million which, when consummated, will involve NIVF issuing its shares at a deemed price of US$6 per share to acquire 100% of COVIRIX Medical. COVIRIX Medical shareholders will then hold 85.8% of the combined NASDAQ listed NIVF entity.
