other material
confidence high
sentiment negative
materiality 0.90
OpGen subsidiary Curetis defaults on ~€9.66M EIB loan; company cannot repay, warns of bankruptcy
CapForce Inc.
- EIB terminated standstill on Nov 20, 2023, and on Dec 4 demanded immediate repayment of ~€9.66M (principal + accrued interest) from OpGen as guarantor.
- Curetis failed to repay due indebtedness; EIB declared default under the Finance Contract, and interest continues to accrue.
- OpGen states it cannot repay the amount; warns of material adverse effect on liquidity and ability to continue operations, possibly leading to bankruptcy.