BRIGHT GREEN ANNOUNCES IT HAS OBTAINED A $3.5 MILLION FUNDING COMMITMENT UNDER AN EXISTING LINE OF CREDIT AND HAS ENGAGED AN INVESTMENT BANK TO SEEK A $15.0 MILLION DEBT FINANCING TO MOVE ...
Bright Green Corporation (BGXX)
Company Research
Source: Yahoo! Finance
the Company has engaged an investment bank with vast experience to formally explore a $15.0 million debt financing to drive commercialization efforts forward on the first 20 acres of its recently U.S. Drug Enforcement Agency (“DEA”) reinspected facility. In the interim, Bright Green has secured a $3.5 million capital commitment under its existing line of credit with Lynn Stockwell. As part of the capital commitment, the line of credit agreement has been amended to include security against the Company's greenhouse facility and a conversion option whereby all principal and interest is convertible at the lender's discretion, under similar terms offered to Lynn Stockwell on August 31, 2023 when she previously converted $3.6 million of outstanding debt into shares and warrants. The conversion allows Lynn Stockwell to convert the outstanding principal and interest into shares (the “Shares”) of the Company's common stock, par value $0.0001 per share (the “Common Stock”), at $1.15 per Share
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News
- Bright Green Corporation Provides an Update, Reinforces Commitment to Shareholders, and Focuses on Growth and Strategic Partnerships [Yahoo! Finance]Yahoo! Finance
- Bright Green Corporation Provides an Update, Reinforces Commitment to Shareholders, and Focuses on Growth and Strategic PartnershipsGlobeNewswire
- BRIGHT GREEN EMBARKS ON MAJOR PARTNERSHIP WITH BENUVIA OPERATIONS, LLC. WILL SUPPLY PHARMA EXPERT WITH AMERICAN MADE RAW MATERIALS FROM ITS INDUSTRY LEADING AND DEA-APPROVED SCH I & II DRUG FACILITY.GlobeNewswire
- BRIGHT GREEN EMBARKS ON MAJOR PARTNERSHIP WITH BENUVIA PHARMACEUTICALS. WILL SUPPLY PHARMA EXPERT WITH AMERICAN MADE RAW MATERIALS FROM ITS INDUSTRY LEADING AND DEA-APPROVED SCH I & II DRUG FACILITY. [Yahoo! Finance]Yahoo! Finance
- BRIGHT GREEN EMBARKS ON MAJOR PARTNERSHIP WITH BENUVIA PHARMACEUTICALS. WILL SUPPLY PHARMA EXPERT WITH AMERICAN MADE RAW MATERIALS FROM ITS INDUSTRY LEADING AND DEA-APPROVED SCH I & II DRUG FACILITY.GlobeNewswire
BGXX
Sec Filings
- 9/18/24 - Form 8-K
- 9/18/24 - Form PRE
- 9/11/24 - Form 4
- BGXX's page on the SEC website