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NewGenIVF (Nasdaq: NIVF) lifts K25.ai holding to 6% with US$4M deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

NewGenIVF Group Limited is exercising its top-up option to buy an additional 4% equity in K25.ai for US$4,000,000, split between US$2,000,000 in cash or digital assets and 1,500,000 newly issued Class A ordinary shares. A US$300,000 deposit is due at signing, with the remaining US$1,700,000 payable by August 30, 2026, subject to customary closing conditions. This raises NewGen’s stake in K25.ai to 6%, which the company values at about US$6 million, more than its own market capitalization as of June 3, 2026. NewGen is also launching a Digital Asset Treasury strategy focused on reserve diversification and long-term exposure to themes such as AI, digital assets and information markets, and plans to invite K25.ai founder Andy Cheung and two co-founders to its board. The new shares will be issued as restricted securities under Section 4(a)(2) and/or Regulation S exemptions.

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Insights

NewGen pairs a larger K25.ai stake with a higher-risk digital asset treasury pivot.

NewGenIVF is committing an extra US$4,000,000 for another 4% of K25.ai, paid half in cash or digital assets and half in 1,500,000 new Class A shares. This lifts its holding to 6%, which the company values at about US$6 million.

The deal introduces both equity dilution and direct balance-sheet exposure to digital assets, as NewGen adopts a Digital Asset Treasury strategy around AI, digital assets and information markets. Forward-looking language highlights potential benefits but also cites volatility, custody, cybersecurity and regulatory risks that could affect outcomes.

NewGen also plans to invite K25.ai founder Andy Cheung and two co-founders to its board, tightening strategic alignment. Subsequent company filings may clarify how quickly the treasury strategy is implemented and how the remaining US$1,700,000 cash component is funded by August 30, 2026.

Additional stake acquired 4% equity interest in K25.ai Top-up option under Share Purchase Agreement
New investment amount US$4,000,000 Aggregate consideration for additional 4% in K25.ai
Cash or digital asset component US$2,000,000 Part of consideration for 4% K25.ai stake
New shares issued 1,500,000 Class A ordinary shares Equity portion of K25.ai acquisition consideration
Deposit at signing US$300,000 Cash deposit due upon signing SPA
Remaining cash payment US$1,700,000 Balance payable by August 30, 2026
Total stake value US$6,000,000 Company-stated value of 6% K25.ai holding
Prediction market sector volume US$458 billion Global prediction market volume in 2025
Digital Asset Treasury strategy financial
"formally adopting a Digital Asset Treasury strategy designed to strengthen its reserve base"
A digital asset treasury strategy is a plan for managing a company's or organization's digital assets, such as cryptocurrencies or digital tokens, to support its financial goals. It involves deciding how to acquire, hold, and use these assets efficiently, much like managing cash or investments, to optimize value and minimize risks. For investors, understanding this strategy helps gauge how well an organization controls its digital resources and its overall financial health.
prediction market financial
"K25.ai is an AI-native prediction market purpose-built for Asia-Pacific"
A prediction market is a platform where people buy and sell contracts that pay out based on the outcome of a future event, turning collective opinions into a price that reflects the market’s best guess. It matters to investors because those prices act like a crowd-sourced probability—similar to odds at a sports book—helping gauge sentiment, anticipate risks, and inform trading or decision-making when formal data is limited.
Regulation S regulatory
"in reliance on the exemption from the registration requirements... 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.
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.
information markets financial
"including AI, digital assets and information markets"
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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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 4, 2026, NewGenIvf Group Limited (the “Company”) announced that it had exercised its top-up option to acquire an additional 4% equity in PredicXion Group Limited (a.k.a. K25.ai) (“K25.ai”, and such acquisition, the “Acquisition”). A copy of the press release issued by the Company on June 4, 2026 is furnished as Exhibit 99.1 and the share purchase agreement with respect to the Acquisition (“SPA”) is filed as Exhibit 10.1. The descriptions below are qualified in their entirety by reference to the full text of those exhibits.

 

Share Purchase Agreement

 

Under the SPA, the Company will acquire a 4% equity interest in K25.ai for aggregate consideration of US$4,000,000, consisting of (i) US$2,000,000 payable in cash or in digital assets and (ii) 1,500,000 newly issued Class A ordinary shares of the Company. Upon signing of the Share Purchase Agreement, the company will pay a cash deposit of US$300,000, and shall pay the balance of $1,700,000 by August 30, 2026. The closing of the transactions contemplated by the Share Purchase Agreement 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 Share Purchase Agreement, and any Class A ordinary shares of the Company to be issued upon any exercise of the Option, 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.

 

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EXHIBIT INDEX

 

Exhibit   Description
10.1   Share Purchase Agreement between NewGenIvf Group Limited and PredicXion Group Limited dated June 2, 2026
99.1   Press release

 

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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 4, 2026

 

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

 

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Exhibit 99.1

 

NewGen Doubles Down on K25.ai with Additional US$4 Million Stake and Adopts Digital Asset Treasury Strategy

 

NewGen’s 6% Stake in K25.ai Now Valued at US$6 Million 

Company will Leverage Expertise of K25.ai’s Andy Cheung to Develop Digital Asset Treasury Strategy

 

BANGKOK, June 4, 2026 – NewGenIVF Group Limited (Nasdaq: NIVF) (“NewGen” or the “Company”), a technology-driven, diversified growth company, today announced it has exercised its top-up option to acquire an additional 4% equity interest in AI-native livestreaming prediction market platform K25.ai, raising its total holding to 6%. The additional US$4 million investment, which supplements an initial US$2 million investment announced in May 2026, is split evenly between cash and newly issued NewGen Class A ordinary shares.

 

With the additional investment, NewGen is formally adopting a Digital Asset Treasury strategy designed to strengthen its reserve base, diversify strategic assets, and support long-term allocation into high-conviction growth themes, including AI, digital assets and information markets. The Digital Asset Treasury strategy marks a further step in positioning NewGen as a premier listed vehicle for the digital asset economy. The strategy is built on three core pillars:

 

Long-Term Reserve Accumulation – NewGen intends to selectively acquire and hold high-quality digital assets, including Bitcoin (BTC) and Solana (SOL), as part of a disciplined long-term reserve strategy focused on balance sheet resilience and strategic asset growth.

 

Disciplined Strategic Allocation – Reserve growth is expected to be funded through operating cash flow and, where value-accretive, prudent use of capital markets. The Company intends to evaluate performance through long-term reserve growth, asset quality, and digital assets held per share, rather than short-term market price movements.

 

Institutional Custody and Risk-Controlled Yield – Digital asset holdings are expected to be safeguarded through institutional-grade custody, governance, and risk controls. Where appropriate, the Company may evaluate conservative yield opportunities, including staking, provided such activities are consistent with its long-term reserve strategy, risk framework, and applicable regulatory requirements.

 

Andy Cheung to Lead NewGen’s Digital Asset Treasury Strategy and AI and Prediction Market Allocation

 

To deepen strategic alignment with K25.ai and support NewGen’s next phase of growth, NewGen plans to invite K25.ai Founder and CEO Andy Cheung, together with two other K25.ai co-founders, to join the Company’s Board of Directors.

 

Mr. Cheung brings extensive public-company, digital asset, and technology leadership experience, including prior experience in digital asset treasury strategy and listed-company value creation. His involvement is expected to strengthen NewGen’s strategic execution as the Company advances its Digital Asset Treasury strategy and expands exposure to next-generation growth sectors.

 

NewGen intends to use its Digital Asset Treasury strategy as a disciplined strategic allocation framework, focusing on reserve diversification, long-term asset accumulation, and selective exposure to high-conviction growth themes, including AI, digital assets, and information markets. Through this strategy, the Company aims to enhance its balance sheet flexibility, support long-term shareholder value creation, and position itself as a listed platform with differentiated exposure to AI-powered information market infrastructure.

 

 

 

K25.ai: Built for the AI Era of Information Markets

 

K25.ai is an AI-native prediction market purpose-built for Asia-Pacific. Its proprietary AI engine generates dozens of hyper-specific markets in real time during live events - a capability legacy platforms lack. The global prediction market sector processed over US$458 billion in volume in 2025, with leader Kalshi recently valued at US$22 billion; Bernstein projects the category will reach US$1 trillion by 2030.

 

“NewGen exercising their top-up within weeks of the initial investment speaks to the momentum we’re building,” said Andy Cheung, Founder and CEO of K25.ai. “Prediction markets are the next generation of information infrastructure. Every major event, from elections to earnings to sports, will ultimately be priced through them. NewGen’s deeper commitment gives us the strategic alignment to move faster on licensing, product, and market expansion across regions.”

 

A Compelling Value Proposition for Shareholders

 

NewGen’s 6% stake in K25.ai is valued at approximately US$6 million, already exceeding the Company’s market capitalization as of June 3, 2026. In the Company’s view, the market is currently ascribing limited value to NewGen’s remaining assets, revenue streams, and growth initiatives.

 

With K25.ai advancing toward regulatory licensing across multiple markets and prediction-market adoption accelerating globally, the Company believes K25.ai’s valuation has meaningful room to re-rate, directly benefiting NewGen’s balance sheet. NewGen also retains an option to acquire a further 4% of K25.ai, which would lift its total holding to 10%.

 

About NewGenIVF Group Limited

 

NewGenIVF Group is a tech-forward, diversified, multi-jurisdictional 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 the UAE’s Ras Al Khaimah Emirate; “NewGenDigital,” focused on digital asset and DeFi solutions; and “NewGenSup,” focused on health and longevity products and solutions. NewGenIVF’s legacy business involves IVF and assisted reproductive treatment services across Asia. To learn more, visit www.nivf.global. The information contained on, or accessible through, NewGenIVF’s website is not incorporated by reference into this press release and should not be considered part of this press release.

 

About K25.ai

 

K25.ai is an APAC-focused AI-native live streaming and watch-to-predict platform. The platform combines real-time content, creator communities, AI-assisted event generation and prediction markets to transform live streaming from a passive viewing experience into an interactive information market.

 

Through K25.ai, users can watch live content, follow creators, participate in community discussions and engage with prediction events linked to real-world outcomes, sports, esports, entertainment, creator challenges and culturally relevant APAC events in permitted markets. K25.ai uses AI-assisted tools to support event creation, content analysis, data extraction, outcome monitoring and resolution workflows.

 

K25.ai is not offered to U.S. persons or to users located in Mainland China, Hong Kong, Macau or other restricted jurisdictions. K25.ai intends to operate in accordance with applicable laws and regulations in the markets where it is made available.

 

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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 the U.S. Private Securities Litigation Reform Act of 1995, identified by terms such as “believe,” “expect,” “intend,” “plan,” “will,” “may,” “could,” “potential,” “aim,” “project” and similar expressions. Such statements include, but are not limited to, statements regarding: the Company’s planned adoption and implementation of a digital asset treasury strategy; the proposed appointment of Mr. Andy Cheung and two other K25.ai co-founders to the Company’s Board of Directors; statements positioning the Company as a “premier listed vehicle for the digital asset economy”; statements regarding K25.ai’s progress toward regulatory licensing, prediction-market adoption and the Company’s belief that K25.ai’s valuation has “meaningful room to re-rate”; the third-party statistics and projections referenced in this press release (including the US$458 billion 2025 volume figure, the Kalshi US$22 billion valuation reference and Bernstein’s US$1 trillion 2030 projection); and the Company’s view that the market is “ascribing limited value” to NewGen’s remaining assets, revenue streams and growth initiatives.

 

These statements are subject to risks and uncertainties that could cause actual results to differ materially, including: digital asset price volatility, custody and cybersecurity risk, evolving regulation of digital assets and staking, and dilution arising from capital markets funding of the digital asset treasury strategy; regulatory risk specific to prediction-market and information-market products in K25.ai’s permitted jurisdictions; the risk that the proposed Board appointments may not occur; the risk that referenced third-party statistics and projections are revised or do not translate into addressable opportunity; the risk that K25.ai’s implied valuation is not realized and that the Company’s carrying value of its investment may be impaired; and the risk that the market may not reflect the Company’s views as to NewGen’s value. Market-size estimates and third-party forecasts referenced in this press release are based on external reports and are not guarantees of future performance. Additional risks are described in the Company’s Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission.

 

All information in this press release is as of the date hereof. The Company undertakes no obligation to update any forward-looking statement, except as required by applicable 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 NewGen or K25.ai. K25.ai is not offered to U.S. persons or to users located in Mainland China, Hong Kong, Macau or other restricted jurisdictions.

 

Contacts

 

NewGen Investor Relations Contact

 

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

 

K25.ai Media Contact

 

media@k25.ai

 

K25.ai Investor Relations Contact

 

ir@k25.ai

 

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FAQ

What new investment has NewGenIVF (NIVF) made in K25.ai?

NewGenIVF is investing an additional US$4 million to acquire a further 4% equity interest in K25.ai. The consideration is split between US$2 million in cash or digital assets and 1,500,000 newly issued NewGen Class A ordinary shares under a share purchase agreement.

What is NewGenIVF’s total stake and implied value in K25.ai after this deal?

After exercising its top-up option, NewGenIVF’s stake in K25.ai rises to 6%, which the company states is valued at approximately US$6 million. It also retains an option to buy another 4%, which would increase its total holding to 10% if fully exercised.

How will NewGenIVF fund the additional 4% K25.ai stake?

The US$4 million consideration comprises US$2 million in cash or digital assets and 1,500,000 newly issued Class A shares. NewGen must pay a US$300,000 cash deposit at signing and the remaining US$1,700,000 by August 30, 2026, subject to customary closing conditions.

What is NewGenIVF’s new Digital Asset Treasury strategy?

NewGenIVF is adopting a Digital Asset Treasury strategy to diversify reserves and gain long-term exposure to growth themes like AI, digital assets and information markets. The company aims to enhance balance-sheet flexibility and create shareholder value through disciplined strategic allocation into these sectors.

How are the new NewGenIVF shares in the K25.ai deal being issued?

The 1,500,000 NewGenIVF Class A ordinary shares issued as part of the K25.ai consideration rely on exemptions from Securities Act registration under Section 4(a)(2) and/or Regulation S. These shares will be classified as “restricted securities” within the meaning of Rule 144.

Filing Exhibits & Attachments

2 documents