NewGenIvf Group (NIVF) said Thursday it is implementing a 1-for-10 reverse stock split for all of its issued and unissued shares.

The reverse stock split will reduce the number of outstanding class A ordinary shares to about 730,282, down from 7.3 million.

The company's class A ordinary shares will begin trading on Nasdaq on a post-reverse stock split basis on May 5.

Shares of NewGenIvf Group were up more than 4% in recent trading.

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