Bio Green Med Solution, Inc. is trading 13.3% up today at $1.70 following a sharp two-day rally sparked by its recently announced reverse-merger with Malaysian waste-to-energy company Future NRG.
- The all-stock business combination has attracted speculative traders looking for a new growth story and renewed liquidity.
- Filings indicate that Future NRG holders are expected to own over 99% of the combined company, which implies heavy dilution for existing shareholders.