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Bio Green Med Solution, Inc. Announces Closing of Strategic Acquisition of Fitters Sdn. Bhd.

Bio Green Med Solution, Inc. (Nasdaq: BGMS, Nasdaq: BGMSP) (“Bio Green Med”), formerly Cyclacel Pharmaceuticals, Inc., announced the closing of its previously announced Exchange Transaction with FITTERS Diversified Berhad to acquire Fitters Sdn. Bhd., a Malaysia-based company specializing in fire safety and protection solutions.

The acquisition marks a significant step in Bio Green Med’s diversification, adding fire safety and protection to its pharmaceutical foundation. Its common and preferred stock continue to be listed on Nasdaq, trading under BGMS and BGMSP.

Rimon attorneys Debbie Klis and Mark C. Lee led the deal team, with support from Roy Gillig, Olivia Wang, and Anne Mitzelfelt.

We congratulate Bio Green Med Solution, Inc. on this news!

Read more here

Rimon’s Securities and Capital Markets attorneys have decades of experience representing sponsors, issuers, investment banks, underwriters, and shareholders operating across a wide variety of industries in connection with major securities offerings as well as regulatory and compliance issues.  As a truly global firm, we have attorneys located in all the key international financial centers and have extensive experience representing our clients in cross-border capacities. Read more here

 

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