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BRIGHT GREEN ANNOUNCES IT HAS OBTAINED A $3.5 MILLION FUNDING COMMITMENT UNDER AN EXISTING LINE OF CREDIT AND HAS ENGAGED AN INVESTMENT BANK TO SEEK A $15.0 MILLION DEBT FINANCING TO MOVE FORWARD WITH COMMERCIALIZATION.
BGXXBright Green (BGXX) GlobeNewswire News Room·2024-08-08 20:51

GRANTS, NEW MEXICO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Bright Green Corporation (Nasdaq: BGXX) ("Bright Green" or the "Company") today announced that the Company has engaged an investment bank with vast experience to formally explore a 15.0milliondebtfinancingtodrivecommercializationeffortsforwardonthefirst20acresofitsrecentlyU.S.DrugEnforcementAgency("DEA")reinspectedfacility.Intheinterim,BrightGreenhassecureda15.0 million debt financing to drive commercialization efforts forward on the first 20 acres of its recently U.S. Drug Enforcement Agency ("DEA") reinspected facility. In the interim, Bright Green has secured a 3.5 million capital commitment under its existing line of credit ...