Bright Green Corporation (NASDAQ: BGXX) has entered into a securities purchase agreement with a single institutional investor to purchase up to 3.7 million shares of common stock and warrants, at a purchase price of $0.95 per share and accompanying warrant. The gross proceeds to the company from the private placement are expected to be approximately $3.5 million before deducting the placement agent's fees and other estimated offering expenses.

The warrants will be immediately exercisable from the date of issuance at an initial exercise price of $0.95 per share, subject to adjustments as set forth therein, and will …

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