other material
confidence high
sentiment neutral
materiality 0.45
OpGen raises $1.0M via Series D Preferred issuance; conversion at $0.409 per share
CapForce Inc.
- Sold 1,000 shares of Series D Preferred at $1,000 each for $1.0M gross; closing expected October 13, 2023.
- Preferred shares convertible into common at $0.409 per share, subject to 19.99% ownership cap until stockholder approval.
- Proceeds to fund operations while pursuing a potential strategic transaction with the same investor.
- Certificate of Designation filed; preferred stock has liquidation preference and dividend rights on as-converted basis.
- Private placement exempt from registration under Section 4(a)(2) and Rule 506(b).