Bio Green Med Solution, Inc.

Bio Green Med Solution, Inc. announced the closing of a securities purchase agreement with certain foreign accredited investors. The agreement involved the sale of 1,103,338 shares of Common Stock at $0.72 per share, resulting in aggregate gross proceeds of $794,403. These funds are designated for general corporate and operating purposes. Concurrently, a Registration Rights Agreement was executed to facilitate the resale of these shares.

Bio Green Med Solution, Inc. (BGMS) announced a Business Combination Agreement to acquire Future NRG Sdn. Bhd., a Malaysian technology integrator focused on sustainable medical waste management. The transaction, structured as an all-stock share exchange, will result in Future NRG becoming a wholly-owned subsidiary of BGMS. The combined entity aims to create a next-generation environmental platform by integrating Future NRG's waste treatment solutions with BGMS's fire safety services. The deal is expected to close in the fourth quarter of 2026, pending shareholder approvals and regulatory conditions. Selling shareholders of Future NRG will own over 99% of the combined company post-transaction.

Bio Green Med Solution, Inc. (BGMS) announced a Business Combination Agreement to acquire Future NRG Sdn. Bhd. in an all-stock share exchange transaction. Future NRG, a Malaysia-based technology integrator specializing in sustainable medical waste management, will become a wholly-owned subsidiary of BGMS, creating a globally scalable environmental platform. The integration aims to offer bundled compliance solutions, linking fire safety and green waste treatment, and is expected to enhance customer retention and per-account revenue. The combined company will continue to be led by BGMS CEO Datuk Dr. Doris Wong and is anticipated to close in Q4 2026, pending shareholder and regulatory approvals.

Bio Green Med Solution, Inc. reported Q1 2026 revenue of $778,000, a significant increase from $0 in Q1 2025, reflecting its strategic shift from biopharmaceuticals to fire safety protection following the acquisition of Fitters Sdn. Bhd. The company's preferred stock was delisted from Nasdaq on March 23, 2026, though its common stock remains listed. Despite improved operating loss, the net loss applicable to common shareholders increased to $217,000 due to the absence of a large deconsolidation gain seen in the prior year. The company also noted substantial doubt about its ability to continue as a going concern beyond Q4 2026 without additional financing.

Bio Green Med Solution reported a net loss of $0.2 million for the first quarter of 2026, alongside $0.8 million in product revenue from its fire safety protection and distribution business, acquired in September 2025. The company achieved a significant reduction in general and administrative expenses, which decreased by $3.8 million to $0.4 million. In a notable corporate action, the company's 6% Convertible Exchangeable Preferred Stock was delisted from The Nasdaq Capital Market in March 2026, though its common stock remains listed. A quarterly cash dividend of $0.15 per share was paid on the preferred stock on May 1, 2026, and the company estimates its $3.3 million in cash and cash equivalents will fund planned expenditures into Q4 2026.

Bio Green Med Solution, Inc. announced its first quarter 2026 financial results, reporting a net loss of $0.2 million. The company highlighted significant progress in its strategic transformation, with product revenue from its new fire safety protection and distribution business reaching $0.8 million. General and administrative expenses saw a substantial reduction of $3.8 million. Additionally, the company's 6% Convertible Exchangeable Preferred Stock was delisted from Nasdaq, though common stock remains listed, and a $0.15 per share dividend was paid on the preferred stock.

Bio Green Med Solution, Inc. (BGMS) announced its 2026 Annual Meeting of Stockholders will be held virtually on June 18, 2026. Stockholders will vote on the re-election of two Class I Directors, the ratification of SFAI Malaysia Plt. as independent auditors for the 2026 fiscal year, and an advisory vote on executive compensation. The Board of Directors unanimously recommends approval of all proposals.

Bio Green Med Solution, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.15 per share on its 6% Convertible Exchangeable Preferred Stock. The dividend is scheduled to be paid on May 1, 2026, to stockholders of record as of the close of business on April 23, 2026. This action provides a return to preferred stockholders.