---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-025752"
form_type: "8-K"
ticker: "BGMS"
cik: "0001130166"
company_name: "Bio Green Med Solution, Inc."
filed_at: "2025-08-28T23:59:59+00:00"
generated_at: "2026-05-17T09:23:42.653240+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cyclacel dismisses auditor Bush & Associates; going concern doubt flagged

## Summary
- Audit Committee dismissed Bush & Associates CPA LLP as independent auditor effective August 22, 2025.
- Engaged SFAI Malaysia PLT as new independent registered public accounting firm for fiscal year 2025.
- Bush advised the Company lacks sufficient funds to complete development and commercialization, raising substantial doubt about going concern.
- No disagreements or reportable events occurred except the going concern matter; Company authorized Bush to respond to SFAI inquiries.

## SEC filing metadata
- accession: 0001641172-25-025752
- form_type: 8-K
- ticker: BGMS
- cik: 0001130166
- company_name: Bio Green Med Solution, Inc.
- filed_at: 2025-08-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130166/000164117225025752/0001641172-25-025752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130166/000164117225025752/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-025752
- JSON: https://secwatch.observer/filing/0001641172-25-025752.json
- Plain text: https://secwatch.observer/filing/0001641172-25-025752.txt

## Source-grounded claims
- claim_id: 9f0149d863f7a64626518ee572c1c177310935e9
  claim: Bio Green Med Solution, Inc. engaged SFAI Malaysia PLT as its auditor.
  evidence_excerpt: On August 22, 2025, the Audit Committee approved the engagement of SFAI as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, effective August 23, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130166/000164117225025752/0001641172-25-025752-index.htm
- claim_id: b7725f5d2612a06f1a642090b95340c4fd5bc286
  claim: Bio Green Med Solution, Inc. dismissed Bush & Associates CPA LLP as its auditor.
  evidence_excerpt: ismissal of Independent Registered Public Accounting Firm On August 22, 2025, the Audit Committee of the Board of Directors (the “Audit Committee”) of Cyclacel Pharmaceuticals, Inc. (the “Company”) approved the dismissal of Bush & Associates CPA LLP (“Bush”), as the Company’s independent registered public accounting firm, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130166/000164117225025752/0001641172-25-025752-index.htm

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