Recent 8-K filings for CFOR
Highest-materiality recent filing
EIB terminates Standstill Agreement with OpGen; subsidiaries in insolvency proceedings
- On Nov 20, 2023, EIB terminated the Standstill Agreement effective immediately.
- Termination due to Curetis GmbH and Ares Genetics GmbH entering insolvency proceedings.
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OpGen acquires iCapX for $12.3M in stock from controlling stockholder
Purchase price $12,278,703 paid via 2,028,867 shares of OpGen common stock at $6.052/share, issuance expected by Jan 20, 2026.
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OpGen extends AEI equity line to Dec 2026, cut draw size; President Lazar resigns
Supplemental letter extends equity line sale period from Dec 31, 2025 to Dec 31, 2026.
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OpGen appoints Christian-Laurent Bonte as CEO, replacing John Tan Honjian who remains Chairman
John Tan Honjian resigned as CEO effective Dec 1, 2025; continues as Chairman of the Board.
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CapForce assigned 2.1% equity stake and $120,000 cash from AEI Capital in client for NASDAQ direct listing advisory services.
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OpGen's Nasdaq delisting affirmed by Listing Council; trading to move to OTC Markets under OPGN
Nasdaq Listing Council upheld Panel's decision to delist OpGen for non-compliance with minimum stockholders' equity rule.
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OpGen expands AEI Capital equity line from $3M to $9M; period extended to Dec 2025
Amendment dated Oct 3, 2024 increases maximum common stock sale to AEI Capital from $3M to $9M.
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OpGen receives Nasdaq delisting notice; enters $3M equity purchase agreement
Nasdaq Panel denied continued listing on Aug 16, 2024; stock suspended from trading at open on Aug 20, 2024.
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OpGen restates Q1 2024 financials due to lease indemnification accounting error
Management determined Q1 2024 unaudited financials should no longer be relied upon.
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David Lazar sold 550,000 Series E shares and rights to 2,450,000 more to AEI Capital for $2.55M.
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OpGen receives Nasdaq notice for stockholders' equity deficiency; faces potential delisting
Regained bid price compliance on June 5, 2024, but same day notified of stockholders' equity deficiency (need at least $2.5M).
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OpGen granted Nasdaq continued listing conditional on filing Q1 10-Q by July 8, 2024
Received Nasdaq delinquency notice for failure to file Form 10-Q for quarter ended March 31, 2024.
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OpGen receives Nasdaq notice for late Q1 10-Q, adding delisting risk
Nasdaq notified OpGen on May 20, 2024 of non-compliance with Rule 5250(c)(1) due to delinquent Form 10-Q.
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Reverse stock split at 1-for-10 ratio effective May 20, 2024; approved by board and stockholders on May 9, 2024.
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OpGen shareholders remove Series E conversion cap; authorize reverse split up to 1:10
Stockholders approved removal of 19.99% ownership limitation on Series E Preferred Stock, allowing conversion and voting without limit.
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OpGen sells Unyvero customer contracts to Camtech for $218k; plans exit from Unyvero business
Sale of Unyvero customer contracts and installed base to Camtech Pte Ltd for $218,000, closing expected May 2024.
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OpGen receives Nasdaq notice for late 10-K filing; faces delisting if not filed by June 3, 2024
Nasdaq notified OpGen on April 18, 2024 of noncompliance with Listing Rule 5250(c)(1) due to delinquent FY2023 10-K.
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OpGen appoints David Lazar as CEO with deferred salary and concurrent CEO roles
David Lazar, age 33, appointed CEO effective April 1, 2024; also serves as Chairman of the Board.
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OpGen: David Lazar invests $3M, takes CEO role; entire board replaced
David Lazar purchased 3M shares of Series E Preferred Stock at $1.00/share for $3M total; initial closing $200K.
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OpGen granted Nasdaq extension to June 3, 2024 for bid price compliance
Nasdaq Hearings Panel granted OpGen until June 3, 2024 to regain compliance with minimum bid price rule.
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OpGen raises CEO salary to $300K, signs CFO/COO consulting deals amid restructuring
CEO Oliver Schacht's base salary increased to $300,000 from $244,800 as of Jan 4, 2024.
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OpGen receives Nasdaq delisting notice, appeals; hearing expected Q1 2024
Nasdaq notified OpGen on Dec 6, 2023 that it is not eligible for additional bid price extension due to continued non-compliance and failure to meet initial stockholders' equity requirement.
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OpGen subsidiary Curetis defaults on ~€9.66M EIB loan; company cannot repay, warns of bankruptcy
EIB terminated standstill on Nov 20, 2023, and on Dec 4 demanded immediate repayment of ~€9.66M (principal + accrued interest) from OpGen as guarantor.
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EIB terminates Standstill Agreement with OpGen; subsidiaries in insolvency proceedings
On Nov 20, 2023, EIB terminated the Standstill Agreement effective immediately.
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OpGen Q3 revenue $0.7M; subsidiaries Curetis & Ares Genetics file insolvency, going concern doubt
Total revenue Q3 2023 $0.70M vs $0.45M; nine-month $2.35M vs $1.89M.
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OpGen subsidiaries Curetis and Ares Genetics file for bankruptcy in Germany and Austria
Curetis filed bankruptcy petition with district court of Stuttgart, Germany on Nov 6, 2023.
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OpGen cuts exec and director salaries 40% starting Sept 1, 2023
CEO Oliver Schacht salary reduced from $408K to $244.8K; CFO Albert Weber and COO Johannes Bacher each from $300K to $180K.
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OpGen Q2 revenue $0.7M; cash only through Sep 2023; going concern doubt
Q2 2023 revenue $0.7M vs $1.0M in Q2 2022 (prior year had one-time sale); H1 2023 revenue up 15% to $1.65M.
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OpGen subsidiary Curetis secures standstill on €3M debt due June 22, 2023
Standstill prevents EIB from exercising acceleration or termination rights on €3M principal plus interest until Nov 30, 2023 or restructuring agreement.
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OpGen subsidiary Curetis in standstill on €3M EIB loan; pays €1M to avoid default
Curetis agreed in principle to a standstill on €3M principal plus accrued interest loan tranche that matured June 22, 2023.
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OpGen receives Nasdaq delisting notice for bid price below $1.00
On June 5, 2023, OpGen received written notice from Nasdaq that its common stock failed to maintain a minimum bid price of $1.00 per share over 30 consecutive business days.
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OpGen closes $3.5M public offering; issues 4.5M shares/warrants, amends existing warrants
Offering included 605K shares, 3.89M pre-funded warrants, and 4.5M common warrants at $0.7785 per unit.
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OpGen files De Novo FDA request for Unyvero UTI panel; sensitivity 96.8%
Submitted De Novo classification request to FDA for Unyvero UTI panel after clinical trial.
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OpGen reports FY2022 revenue $2.6M, down 40% YoY; guides FY2023 revenue $4-5M
FY2022 total revenue ~$2.6M vs $4.3M in 2021; Q4 revenue $722K, down 48% YoY but up 61% QoQ.
Earnings & guidance
Materiality & sentiment trend
Max materiality 1.00 · Median 0.65 · Most common event other_material