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Stock impact report

OpGen nearing roundtrip ahead of expected equity offering; shares down 23% [Seeking Alpha]

OpGen, Inc. (OPGN) 
Last opgen, inc. earnings: 11/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.opgen.com
Company Research Source: Seeking Alpha
OpGen nearing roundtrip ahead of expected equity offering; shares down 23%Thinly traded nano cap OpGen (OPGN-23.4%) has surrendered almost all of its gains from last week. Shares were up130%, touching $7.60 on January 24, before retracing.The company filed an updatedpreliminary prospectus today for a public equity offering of 1,694,915 Units. Each Unit will consist of one share of common stock and one warrant to purchase 1/2 of a share of common.Buyers will also be given the opportunity to purchase pre-funded Units, each consisting of one pre-funded warrant to purchase one share of common stock and one common warrant to purchase 1/2 of a share of common in lieu of Units that would otherwise increase the buyer's ownership stake in the company past 4.99%.Pricing and terms have yet to be announced. Net proceeds will be used for general corporate purposes.See all stocks on the move »Now read:Your Daily Pharma Scoop: Adamas's Gocovri, Onconova To Advance INSPIRE Study, Agios Initiates Publ Show less Read more
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