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OpGen (OPGN) just unveiled an announcement.
OpGen, Inc. has entered into a financing agreement with AEI Capital Ltd., allowing the sale of up to $3 million in common stock, with the company controlling the timing and amount of sales. This move comes as OpGen faces delisting from Nasdaq due to non-compliance with the minimum stockholders’ equity requirement. Despite a denied request for continued listing, the company settled outstanding debts and expects that the new financing will help regain compliance. OpGen plans to appeal the delisting decision and pursue additional steps to meet Nasdaq’s requirements, but there is no guarantee of success. The company’s forward-looking statements carry risks and uncertainties that could affect their financial outcomes.
Learn more about OPGN stock on TipRanks’ Stock Analysis page.