Bio Green Med Solution, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $4.8M
- Price
- $0.8651
- % Change (Daily % change from the live per-ticker quote feed.)
- -1.17%
- Volume
- 16.7K
About
A diversified company operating in both the fire protection and biopharmaceutical industries. It expanded its portfolio by acquiring Fitters Sdn. Bhd., a Malaysian fire protection products and services group. Focuses on advancing opportunities in biopharmaceutical research and fire safety solutions to create sustainable long-term shareholder value.
Quick stats
Shares outstanding5.5M
Computed float3.4M
Float / shares61.1%
Key info
SectorHealthcare
IndustryMedical - Pharmaceuticals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001130166
Websitehttps://www.bgmsglobal.com/
AI Summary
AI-generated1/15
majormixedearnings
BIO GREEN MED SOLUTION REPORTS SECOND QUARTER FINANCIAL RESULTS AND PROVIDES BUSINESS UPDATE
Bio Green Med reported Q2 revenue of $336,000 from its fire safety business, narrowing its net loss to $0.4 million from $1.3 million in the prior year.
The company entered a Business Combination Agreement with Future NRG Sdn. Bhd., stipulating that Future NRG shareholders will own more than 99% of the combined company, effectively diluting current BGMS stockholders to less than 1%.
Separately, the company raised approximately $0.8 million through a private placement of 1.1 million shares at $0.72 per share and paid a dividend on its preferred stock.
Red flags
- Reverse merger structure results in pre-Exchange shareholders owning less than 1% of the combined company
- Net loss of $0.4 million on minimal revenue of $336,000 indicates limited operating scale