8-K
filed March 29, 2024, 7:59 PM ET
CIK 0001293818
leadership
confidence high
sentiment neutral
materiality 0.90
OpGen: David Lazar invests $3M, takes CEO role; entire board replaced
CapForce Inc.
- David Lazar purchased 3M shares of Series E Preferred Stock at $1.00/share for $3M total; initial closing $200K.
- Each preferred share convertible into 24 common shares, subject to stockholder approval for removal of ownership cap.
- Proceeds to repay $2M in debt, settling all outstanding liabilities with EIB and Curetis GmbH.
- Prior board resigned; new board: Lazar, Avraham Ben-Tzvi, David Natan, Matthew McMurdo. Lazar appointed CEO.
- Prior CEO Oliver Schacht resigns, stays as EVP of Corporate Development during transition.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Natan was appointed as Director at CapForce Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
The then current members of the Board of Directors (the “Board”) of the Company voted to appoint Avraham Ben-Tzvi, David Natan, and Matthew C. McMurdo as new, independent directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David E. Lazar was appointed as Director at CapForce Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On March 25, 2024, prior to the transactions contemplated by the Purchase Agreement, the current members of the Board of Directors (the “Board”) approved an increase in the size of the Board and appointed Mr. Lazar to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew C. McMurdo was appointed as Director at CapForce Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
The then current members of the Board of Directors (the “Board”) of the Company voted to appoint Avraham Ben-Tzvi, David Natan, and Matthew C. McMurdo as new, independent directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Avraham Ben-Tzvi was appointed as Director at CapForce Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
The then current members of the Board of Directors (the “Board”) of the Company voted to appoint Avraham Ben-Tzvi, David Natan, and Matthew C. McMurdo as new, independent directors.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.4
CapForce Inc.: Changes to articles of incorporation or bylaws incorporated by reference from Item 1.01; no explicit description of substantive change provided in excerpt.
- Change
- fiscal year change
Exact text from the filing
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The disclosure required by this Item and included in Item 1.01 of this Current Report is incorporated herein by reference.
View on SEC.gov
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