M&A
confidence high
sentiment neutral
materiality 0.85
Bio Green Med Solution, Inc. (BGMS): M&A transaction — Bio Green Med (f/k/a Cyclacel) closes acquisition of Fitters Sdn. Bhd. for 699,158 shares
Bio Green Med Solution, Inc.
- Issued 699,158 common shares (19.99% ownership) to FITTERS Diversified Berhad for 100% of Fitters Sdn. Bhd.
- Company renamed Bio Green Med Solution, Inc.; tickers changed to BGMS and BGMSP on Nasdaq.
- Fitters, a Malaysia-based fire safety equipment distributor, had Q2 2025 revenue of $501K and net loss of $47K.
- Pro forma combined net loss for Q2 2025: $1.28M; for FY2024: $11.3M; goodwill of $428K recognized.
- Company now operates in fire protection and biopharmaceutical industries, headquartered in Kuala Lumpur.