---
title: "Bright Green Corporation completes restructuring, exits Cannabis business, opts for DEA Controlled Substances. $XX equity for creditors, shareholders remain unimpaired."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232880117.md"
description: "In Fort Lauderdale, Florida, on February 24, 2025, Bright Green Corporation (OTC: BGXX) disclosed that Lynn Stockwell, representing the company, has filed for court approval of the \"RSA\" Restructuring Security Agreement. The RSA aims to secure fresh equity for the company to settle all outstanding debts to verified creditors entirely. Furthermore, existing equity shareholders of the Company will maintain their ownership stakes without any reduction or dilution."
datetime: "2025-03-24T00:42:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232880117.md)
  - [en](https://longbridge.com/en/news/232880117.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232880117.md)
---

# Bright Green Corporation completes restructuring, exits Cannabis business, opts for DEA Controlled Substances. $XX equity for creditors, shareholders remain unimpaired.

In Fort Lauderdale, Florida, on February 24, 2025, Bright Green Corporation (OTC: BGXX) disclosed that Lynn Stockwell, representing the company, has filed for court approval of the "RSA" Restructuring Security Agreement. The RSA aims to secure fresh equity for the company to settle all outstanding debts to verified creditors entirely. Furthermore, existing equity shareholders of the Company will maintain their ownership stakes without any reduction or dilution.

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