OpGen enters warrant inducement agreement for up to $11.2M gross proceeds

CapForce Inc.

Existing warrant holder agrees to exercise up to 10,892,728 shares at $0.7785/share plus $0.25 additional consideration, for up to ~$11.2M gross proceeds.
New warrants issued at $0.336/share, expiring Oct 2028; exercisable six months after issuance per filing, immediately per press release.
A.G.P./Alliance Global Partners acted as financial advisor; fee 7% of gross proceeds.
Net proceeds to fund operations and pursue potential strategic transaction; no guarantee of success.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CapForce Inc. entered into Inducement Agreement with a holder valued at up to approximately $11.2 million (effective 2023-10-12).

Action: entry
Agreement: equity purchase
Counterparty: a holder
Value: up to approximately $11.2 million
Effective: 2023-10-12

Exact text from the filing

On October 12, 2023, OpGen, Inc. (the “Company”) entered into a warrant inducement agreement (the “Inducement Agreement”) with a holder (the “Holder”) of certain existing warrants (the “Existing Warrants”)

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CapForce Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-001451

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