H.C. Wainwright has put the firm’s rating for OpGen shares under review due to substantial doubt about the company’s ability to continue as a going concern after OpGen reported its Q3 financial results earlier this week. The company has restructured its U.S. operations by reducing headcount and scaling down operations at OpGen’s U.S. headquarters, but a liquidity shortfall remains, the analyst tells investors.
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Read More on OPGN:
- OpGen Reports Third Quarter 2023 Financial Results and Provides Business Update
- OpGen files to sell 10.89M shares of common stock for holders
- OpGen Inc. (OPGN) Q3 Earnings Cheat Sheet
- OpGen says holder to exercise existing warrants to buy up to 10.89M shares
- OpGen Enters Into Warrant Inducement Transaction for up to $11.2 Million in Gross Proceeds
