Skip to content
DilutionScan
Bio Green Med Solution, Inc. logo
BGMS$0.8706-3.27%

Bio Green Med Solution, Inc.

Sector: Wholesale-Durable Goods, NECIndustry: Medical - PharmaceuticalsCountry: MYExchange: Nasdaq

Mkt Cap$5.77M
Float & O/S
Inst Own

DilutionScan read 37 of Bio Green Med Solution, Inc.'s SEC filings and found 11 warrant series, 6 convertibles, 1 ATM program, 2 equity lines, 3 shelf registrations, 4 S-1 registrations and 3 completed offerings on file for BGMS. The latest dilution event on file is a registration statement on Oct 23, 2026. Analysis updated Oct 29, 2026.

Signal8 Summary

BGMS

Going-concern warning and reverse merger

Snapshot

BGMS is a tiny micro-cap with a $4.6M market cap that is currently burning cash and facing serious operational questions. The company reported $747K in revenue for FY 2025, up from $43K the prior year, but still lost $3.0M in net income. It holds $3.5M in cash against negligible debt, which provides a runway of roughly 38 months at current burn rates.

What's Happening Right Now

  • : BGMS announced a deal to acquire Future NRG, a Malaysian medical waste management firm, in an all-stock transaction.
  • : The deal is structured as a reverse merger where Future NRG shareholders will own over 99% of the combined company, diluting existing BGMS holders to less than 1%.
  • : The company disclosed substantial doubt about its ability to continue as a going concern, citing a $454.6 million accumulated deficit and reliance on future equity financing.

Raise routes on file: shelf awaiting effectiveness + effective S-1 · latest dilution event 11 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Oct 23, 2026 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

A free account reads 3 tickers a day in full

Get Pro · every ticker

$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)

Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 4

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2024

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2024

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 11

What is this?

Exercise price, shares and dates with Pro

April 2024 Placement Agent Warrants

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2023

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

December 2023 Placement Agent Warrants

Issued 2023

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

December 2020 Warrants

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

June 2025 Series A Common Stock Purchase Warrants

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

June 2025 Series B Common Stock Purchase Warrants

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 6

What is this?

Principal, conversion terms and dates with Pro

Convertible Exchangeable Preferred Stock

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series A Convertible Preferred Stock

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series C Convertible Preferred Stock

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series D Convertible Preferred Stock

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series E Convertible Preferred Stock

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series F Convertible Preferred Stock

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2021

Terminated

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Equity line · 2

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2025

Pending registration

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Equity line

Issued 2025

Expired

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 3

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2023

Expired

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2026

Not effective

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Expired

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Know who's about to sell into your BGMS trade

Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

Get Pro · every ticker

$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)

DilutionScan ProEvery instrument in full · $59/mo