other material
confidence high
sentiment neutral
materiality 0.60
OpGen announces 1-for-10 reverse stock split to regain Nasdaq compliance; extends EIB settlement payment deadline
CapForce Inc.
- Reverse stock split at 1-for-10 ratio effective May 20, 2024; approved by board and stockholders on May 9, 2024.
- Outstanding common shares reduced from ~12,624,902 to ~1,262,490; trading symbol OPGN unchanged.
- Split intended to regain Nasdaq minimum bid price of $1.00 per share.
- Amendment with European Investment Bank extends settlement payment deadline from final closing to June 3, 2024.