Bio Green Med Solution, Inc. is trading at $0.85 (6.5% down) in after-hours trading after closing a private placement with foreign accredited investors.
- The $0.8 million equity financing deal has sparked concerns over share dilution and the potential resale of newly issued shares in the open market.
- The micro-cap stock has seen significant volatility this week, as thinly traded shares often face downward pressure following new financing rounds.