NewGenIvf Group (NIVF) said Thursday it has raised $5.2 million in strategic funding through two separate arrangements with an unnamed investor, with the potential to raise a total of up to $30.8 million.
The funding is expected to fund growth initiatives for the comprehensive fertility services provider, including construction of a fertility clinic in Dubai, United Arab Emirates.
The company's shares were up 75% in recent Thursday trading.
Price: 1.03, Change: +0.44, Percent Change: +74.87
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