---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040626"
form_type: "8-K"
ticker: "BGMS"
cik: "0001130166"
company_name: "Bio Green Med Solution, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:45:08.983496+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cyclacel receives Nasdaq non-compliance notice for stockholders' equity below $2.5M

## Summary
- Stockholders' equity $607K as of Dec 31, 2023, below Nasdaq minimum $2.5M.
- Must submit compliance plan by May 10, 2024; extension up to 180 days possible.
- No immediate delisting, but failure to regain compliance could lead to delisting of CYCC common stock.
- Management reviewing options to address noncompliance.

## SEC filing metadata
- accession: 0001104659-24-040626
- form_type: 8-K
- ticker: BGMS
- cik: 0001130166
- company_name: Bio Green Med Solution, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130166/000110465924040626/0001104659-24-040626-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130166/000110465924040626/tm2410125d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040626
- JSON: https://secwatch.observer/filing/0001104659-24-040626.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040626.txt

## Key facts
- Listing & Compliance Notices
  Bio Green Med Solution, Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 5550(b)(1)
  source text: March 27, 2024, Cyclacel Pharmaceuticals, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Staff (“Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1) because the Company reported stockholders’ equity of less than $2.5 million as of December 31, 2023. The Company’s stockholders’ equity was $607,000 as of December 31, 2023. The Company must submit a plan to the Staff no later than May 10, 2024 advising of actions it has taken or will take to regain compliance with Nasdaq Listing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130166/000110465924040626/0001104659-24-040626-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.