Bio Green Med Solution, Inc. (BGMS) Form S-3 — Oct 23, 2026
Bio Green Med Solution filed an S-3 to register the resale of 1,103,338 common shares by five selling stockholders from a June 2026 private placement at $0.72 per share that raised $794,403. The company receives no proceeds; the shares equal roughly 16.7% of the 6,622,794 shares outstanding and become freely tradable once effective, creating a meaningful overhang in a thin-volume Nasdaq stock. The filing also discloses a pending business combination with Malaysia's Future NRG Sdn. Bhd.
Key figures
- Gross Proceeds
- 794403
- Offering Price
- 0.72
- Shares Offered
- 1103338
- Shares Outstanding
- 6622794
- Reverse Splits
- ["1-for-16 (May 12, 2025)","1-for-15 (July 7, 2025)"]
- Registration Fee
- 91.19
- Authorized Shares Proposed
- 3000000000
- Business Combination Value
- 2000000000
- Estimated Price Oct22 2026
- 0.95
- Percent Of Shares Outstanding
- 16.7%
- Existing Holders Post Deal Ownership
- <1.0%
AI analysis
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