Bright Green Corp shifts from cannabis to DEA Schedule Controlled Substances, completes restructuring plan, as per RSA agreement, pays creditors in full, retains equity interest, no dilution for shareholders.
In Fort Lauderdale, Florida, on February 24, 2025, Bright Green Corporation (OTC: BGXX) revealed a significant development. Lynn Stockwell, representing the Company, has formally requested court approval for the "RSA" Restructuring Security Agreement. The main points of the RSA involve securing fresh equity to fully settle all outstanding debts with authorized claims, ensuring that the Company's existing equity shareholders maintain their ownership stakes without any reduction or dilution.
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