secwatch.observer — SEC 8-K summary
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Issuer:     Bio Green Med Solution, Inc. (BGMS)
CIK:        0001130166
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001104659-24-119469
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cyclacel raises $2.1M via warrant exercise, issues new warrants for ~19.9M shares
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- Gross proceeds ~$2.1M from cash exercise of 4,968,945 Series B warrants at reduced price $0.415/share.
- Holder received new Series C warrants (9,937,890 shares) and Series D warrants (9,937,890 shares) exercisable at $0.415 after stockholder approval.
- Placement agent H.C. Wainwright received PA warrants for 298,137 shares at $0.5188/share plus 7% cash fee.
- Net proceeds intended for working capital and general corporate purposes.
- New warrants unregistered; resale registration statement to be filed within 30 days of agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130166/000110465924119469/0001104659-24-119469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130166/000110465924119469/tm2428551d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-119469

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer