Bio Green Med Solution is trading 5.6% up now at $0.92 as traders continue to react to its recently announced all-stock business combination with Malaysia-based Future NRG.
- The deal structure would result in Future NRG’s shareholders owning more than 99% of the combined company, implying extreme dilution for current holders.
- Speculative interest in the reverse-merger style setup is keeping buying pressure elevated following the initial surge on the merger news.