OpGen stock slumps ~10% after pricing $3.5M stock, warrants offering
cemagraphics
- OpGen (NASDAQ:OPGN) prices a common stock and warrants offering to raise $3.5M in gross proceeds.
- The company is offering ~4.5M common shares (or pre-funded warrants in lieu) and warrants to buy up to ~4.5M shares at a combined price of $0.7785 per share (or pre-funded warrant in lieu) and accompanying warrant.
- The warrants will have an exercise price of $0.7785 per share.
- OpGen plans to use the net proceeds to help the commercialization efforts of its Acuitas AMR Gene Panel test, for research and development, and to repay debt, among other things.
- The offering is expected to close around May 4.
- OPGN -13.76% to $0.67 premarket May 2