Bright Green Corp Files for Chapter 11 Bankruptcy
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Bright Green Corp (BGXXQ) filed for Chapter 11 bankruptcy on February 22, 2025, in New Mexico, operating as a debtor-in-possession. On March 17, 2025, the company submitted a proposed reorganization plan to the Bankruptcy Court. The approval of the plan and successful restructuring are uncertain, and stakeholders are warned about the speculative nature of trading the company's securities. Year-to-date, the stock has dropped 41.67%, with a current market cap of $7.17M and an average trading volume of 188,037.
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