Why is $BGLC stock down today?
BioNexus Gene Lab Corp Common stock · Services-Medical Laboratories
Why is $BGLC down today?
The likely driver
BioNexus Gene Lab Corp: BioNexus to Build AI Applications for Malaysian Healthcare Under Exclusive CogniAI Licence
SEC EDGAR·9:00 AM ET
- ›Consideration. At closing, BGLC will issue 410,000 common shares for the stated US$3.5 million licence consideration, a contractual amount and not a statement of fair value. There is no cash payment or market-value guarantee.
- ›Share exchange. BGLC will issue another 150,000 common shares in exchange for 500,000 RYET ordinary shares, for 560,000 shares in total.
- ›Royalty to RYET. 10% of defined technology receipts actually collected, with no minimum royalty or annual platform fee. Testing and clinical fees and separately identifiable services are excluded.
Price
$1.34
Move today
-0.5%
Volume vs avg
2.3x
Scanner alerts today
0
Flagged in 30 days
0
Market cap
$4M
Prev close
$1.35
Avg volume
12K
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