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NewGenIVF (Nasdaq: NIVF) lifts K25.ai holding to 10% stake

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Form Type
6-K

Rhea-AI Filing Summary

NewGenIVF Group Limited has agreed to an additional US$4 million investment in K25.ai, acquiring a further 4% equity stake in PredicXion Group Limited. The consideration includes US$1.9 million in cash or digital assets and 1,500,000 newly issued Class A ordinary shares, with a US$100,000 cash deposit paid at signing and the remaining cash due on or before September 30, 2026. Once this deal and prior investments close, NewGenIVF expects to own 10% of K25.ai, implying a US$100 million valuation based on the completed US$10 million Pre-A round. The share portion will be issued as restricted securities under Section 4(a)(2) and/or Regulation S exemptions from U.S. registration.

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Insights

NewGenIVF commits US$4M more to K25.ai for a 10% stake.

NewGenIVF is deepening its relationship with K25.ai through an additional US$4 million investment, bringing its total commitment to US$10 million at a stated US$100 million Pre-A valuation. The structure mixes cash or digital assets with newly issued Class A shares.

The deal expands NewGenIVF’s expected ownership to 10% and complements its exclusive Asia-Pacific agency rights, tying its fortunes partly to K25.ai’s product launch and regional expansion. The cash component, including a US$100,000 deposit and further payments by September 30, 2026, represents a tangible capital outlay.

Economic outcomes will depend on K25.ai’s ability to launch its AI-native information market platform, obtain licenses and grow in selected Asian markets, as highlighted in the forward-looking statements and associated risk factors described by NewGenIVF.

Additional investment amount US$4,000,000 Aggregate consideration under Additional Share Purchase Agreement
Additional equity acquired 4% equity interest Incremental stake in PredicXion Group Limited (K25.ai)
Total expected ownership 10% equity interest NewGenIVF’s aggregate stake in K25.ai after completion
Cash or digital asset component US$1,900,000 Portion of consideration payable in cash or digital assets
Share consideration 1,500,000 Class A shares Newly issued NewGenIVF Class A ordinary shares
Deposit at signing US$100,000 Cash deposit payable upon signing the Additional SPA
Pre-A round size US$10,000,000 Total K25.ai Pre-A funding completed
Implied valuation US$100,000,000 K25.ai valuation based on completed Pre-A round
Additional Share Purchase Agreement financial
"Under the Additional SPA, the Company will acquire an additional 4% equity interest"
restricted securities regulatory
"The Class A ordinary shares so issued will be “restricted securities” within the meaning of Rule 144"
Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.
Regulation S regulatory
"issued in reliance on the exemption ... Section 4(a)(2) ... and/or Regulation S promulgated thereunder"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
Pre-A round financial
"The transaction completes K25.ai’s US$10 million Pre-A round at a US$100 million valuation"
forward-looking statements regulatory
"This press release contains "forward-looking statements" within the meaning of Section 21E"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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FAQ

What transaction did NewGenIVF Group (NIVF) announce regarding K25.ai?

NewGenIVF agreed to an additional US$4 million investment in K25.ai, acquiring a further 4% equity stake. This builds on earlier investments and is part of K25.ai’s completed US$10 million Pre-A funding round at a US$100 million valuation.

How much of K25.ai will NewGenIVF (NIVF) own after this deal closes?

Upon completion of the new agreement and prior transactions, NewGenIVF expects to hold a 10% equity interest in K25.ai. This ownership level is based on K25.ai’s US$10 million Pre-A round implying a US$100 million valuation for the company.

What is the payment structure of NewGenIVF’s new US$4 million K25.ai investment?

The US$4 million consideration includes US$1.9 million payable in cash or digital assets and 1,500,000 newly issued Class A ordinary shares. NewGenIVF will pay a US$100,000 cash deposit at signing, with the remaining cash due on or before September 30, 2026.

Under what U.S. securities law exemptions will NewGenIVF (NIVF) issue the new shares?

The Class A ordinary shares issued as part of the K25.ai investment will rely on Section 4(a)(2) of the Securities Act and/or Regulation S. These shares will be considered “restricted securities” under Rule 144, reflecting their issuance in a non-public offering.

What funding milestone has K25.ai reached according to NewGenIVF’s filing?

K25.ai has completed a US$10 million Pre-A round at a US$100 million valuation, supported in part by NewGenIVF’s total US$10 million commitment. Following this Pre-A completion, K25.ai has begun raising a Series A round to support product launch and regional expansion.

How does NewGenIVF describe its strategic relationship with K25.ai?

NewGenIVF highlights an expected 10% equity stake in K25.ai combined with exclusive Asia-Pacific agency rights. It views this as meaningful economic participation and strategic alignment with K25.ai’s AI-native information market platform as it targets product launch and regional growth.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-42004

 

NEWGENIVF GROUP LIMITED

 

36/39-36/40, 13th Floor, PS Tower

Sukhumvit 21 Road (Asoke)

Khlong Toei Nuea Sub-district

Watthana District, Bangkok 10110

Thailand

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

EXPLANATORY NOTE

 

On June 18, 2026, NewGenIvf Group Limited (the “Company”) announced that it had entered into an additional share purchase agreement (“Additional SPA”) with PredicXion Group Limited (“PredicXion” or “K25.ai”), to acquire an additional 4% equity in PredicXion (the “Acquisition”). Upon completion of the Acquisition, the Company’s aggregate ownership interest in K25.ai shall increase to 10%. A copy of the press release issued by the Company on June 18, 2026 is furnished as Exhibit 99.1 and the Additional SPA is filed as Exhibit 10.1. The descriptions below are qualified in their entirety by reference to the full text of those exhibits.

 

Additional Share Purchase Agreement

 

Under the Additional SPA, the Company will acquire an additional 4% equity interest in PredicXion Group Limited for aggregate consideration of US$4,000,000, consisting of (i) US$1,900,000 payable in cash or digital assets and (ii) 1,500,000 newly issued Class A ordinary shares of the Company. Upon signing of the Additional SPA, the Company will pay a cash deposit of US$100,000, and shall pay the balance of US$1,900,000 on or before 30 September 2026. Upon completion of this transaction together with the Company's prior acquisition under the Original SPA, the Company will hold an aggregate 10% equity interest in PredicXion Group Limited based on an implied valuation of US$100,000,000. The closing of the transactions contemplated by the Additional SPA is subject to the satisfaction of customary closing conditions.

  

Exemption from Registration

 

The Class A ordinary shares of the Company to be issued as part of the consideration under the Additional SPA will be issued in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 4(a)(2) of the Securities Act and/or Regulation S promulgated thereunder, as a transaction by an issuer not involving any public offering. The Class A ordinary shares so issued will be “restricted securities” within the meaning of Rule 144 under the Securities Act.

 

1

 

EXHIBIT INDEX

 

Exhibit   Description
10.1   Share Purchase Agreement between NewGenIvf Group Limited and PredicXion Group Limited dated June 18, 2026
99.1   Press release

 

2

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 18, 2026

 

  NewGenIvf Group Limited
     
  By: /s/ Wing Fung Alfred Siu
  Name:  Wing Fung Alfred Siu
  Title: Chairman of the Board and Director

 

3

 

Exhibit 99.1

 

NewGen Increases K25.ai Ownership to 10% in Closed Pre-A Round at US$100 Million Valuation with Total US$10 Million Invested

 

K25.ai to complete its US$10 million Pre-A at a US$100 million valuation and is now raising its Series A to accelerate product launch and regional expansion

 

NewGen’s expanded stake and exclusive Asia-Pacific agency rights deepen its strategic participation in K25.ai’s next phase of growth

 

BANGKOK, June 18, 2026 – NewGenIVF Group Limited (Nasdaq: NIVF) (“NewGen” or the “Company”), a technology-driven, diversified growth company, today announced that it has executed an agreement for a further US$4 million strategic investment in K25.ai. The transaction completes K25.ai’s US$10 million Pre-A round at a US$100 million valuation and, upon completion and satisfaction of the applicable closing conditions, is expected to increase NewGen’s aggregate ownership interest in K25.ai to 10%. With the Pre-A round now closed, K25.ai has commenced its Series A fundraising.

 

The investment follows NewGen’s initial US$2 million investment announced in May 2026 and its subsequent US$4 million investment announced on June 4, 2026. The completed US$10 million Pre-A provides K25.ai with strategic backing as it moves toward product launch, while the newly launched Series A is intended to support commercialization, applicable regulatory licensing and expansion across selected Asian markets.

 

K25.ai is an AI-native livestreaming and watch-to-predict information market platform purpose-built for Asia-Pacific. Positioned as “Twitch × Polymarket × ChatGPT,” K25.ai is developing a new category of interactive information markets that combines creator-led livestreaming, AI-assisted market creation and resolution, and real-time community participation.

 

NewGen believes the expanded investment provides early strategic exposure to a differentiated platform operating at the convergence of artificial intelligence, livestreaming and prediction-market infrastructure. The transaction reflects NewGen’s conviction in the long-term potential of AI-powered information markets and K25.ai’s ability to build a category-defining platform for Asia-Pacific, subject to execution, market conditions and applicable regulatory requirements.

 

Beyond its equity ownership, NewGen holds exclusive Asia-Pacific agency rights with K25.ai, creating an additional commercial pathway to support regional partnerships and distribution across permitted markets. Together, the expected 10% ownership position and agency relationship would provide NewGen with meaningful economic participation and strong strategic alignment with K25.ai’s regional growth.

 

Alfred Siu, Founder, Chairman and Chief Executive Officer of NewGen, commented, “Entering into this additional agreement to complete our aggregate US$10 million commitment to K25.ai and securing an expected 10% ownership position at the same US$100 million Pre-A valuation represents a compelling strategic milestone for NewGen. We believe K25.ai is building a highly differentiated platform at the intersection of AI, livestreaming and information markets. Together with our exclusive Asia-Pacific agency rights, this expanded investment positions NewGen to participate meaningfully in K25.ai’s product launch, commercialization and next phase of regional growth.”

 

 

 

 

Andy Cheung, Founder and Chief Executive Officer of K25.ai, commented, “The successful close of our US$10 million Pre-A at a US$100 million valuation marks a defining milestone for K25.ai and provides strong strategic validation for our vision of building Asia-Pacific’s next-generation AI-powered information market. With NewGen’s backing, our Pre-A is now complete and we have officially commenced our Series A fundraising. This next round is designed to accelerate product launch, advance applicable regulatory licensing in selected Asian markets, deepen our creator and strategic partner ecosystem, and position K25.ai for its next phase of regional growth.”

 

Further details regarding the Agreement and the proposed transaction will be included in a Form 6-K to be furnished to the U.S. Securities and Exchange Commission.

 

About K25.ai

 

K25.ai is an AI-native information market platform combining livestreaming, AI-assisted market creation and resolution, and interactive watch-to-predict experiences. Purpose-built for Asia-Pacific and positioned as “Twitch × Polymarket × ChatGPT,” K25.ai is developing a creator-led platform for sports, esports, entertainment and other permitted event categories. The platform is progressing toward product launch and pursuing applicable regulatory licensing in selected markets. K25.ai does not offer services in jurisdictions where such activities are restricted or prohibited. To learn more, visit www.k25.ai.

 

About NewGenIVF Group Limited

 

NewGenIVF Group Limited is a technology-forward, diversified growth company pursuing opportunities across real estate development, digital asset innovation and reproductive health solutions. The Company operates through NewGenProperty, focused on real estate development projects in Ras Al Khaimah, United Arab Emirates; NewGenDigital, focused on digital asset and decentralized-finance solutions; and NewGenSup, focused on health and longevity products and solutions. NewGenIVF’s legacy business includes IVF and assisted reproductive treatment services across Asia. To learn more, visit www.nivf.global. Information contained on, or accessible through, the Company’s website is not incorporated by reference into this press release.

 

 

 

 

Forward-Looking Statements

 

This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "outlook," "would," "may," "potential," "aim," "seek," "project," "positions," "conviction," "intends," "designed to," and similar expressions, or their negatives, although not all forward-looking statements contain these identifying words. These statements include, among others, statements regarding the proposed investment in K25.ai, the expected completion of the transaction, NewGen’s anticipated ownership interest, K25.ai’s planned product launch, future financing initiatives, regulatory licensing efforts, regional expansion and growth prospects, and the expected strategic and commercial benefits of the relationship between NewGen and K25.ai. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including the risk that the transaction may not be completed on the anticipated terms or at all; the risk that closing conditions may not be satisfied, including the Company’s ability to fund its remaining payment obligations under the agreement; market, regulatory and financing conditions; K25.ai’s ability to develop and launch its platform, obtain applicable licenses and execute its growth strategy; and other risks described in NewGen’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. NewGen undertakes no obligation to update any forward-looking statement, except as required by law. This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities of NewGenIVF Group Limited, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

  

Contacts

 

NewGen Investor Relations Contact
ICR, LLC
Robin Yang
Phone: +1 (212) 537-3847
Email: NewgenivfIR@icrinc.com

 

K25.ai Media Contact
Email: media@k25.ai

 

K25.ai Investor Relations Contact
Email: ir@k25.ai

 

 

 

Filing Exhibits & Attachments

2 documents