OpGen, Inc. (NASDAQ: OPGN) Declares Execution of Overturn Stock Split
OpGen, Inc. (NASDAQ: OPGN) Declares Execution of Overturn Stock Split

OpGen, Inc. (NASDAQ: OPGN) declared recently that it might apply a 1-for-25 overturn split up of its normal stock.

the corporate filed AN adjustment to its Certificate of Incorporation to the end result the reverse split up on Gregorian calendar month seventeen, of this year.

The Company anticipates that the Company’s normal stock can purchase or sell on a split-adjusted supply below the image “OPGN” at the beginning of commerce on day, of this year.

And the warrants {to purchase|to shop for} stock issued as a part of the Company’s first public giving can buy or sell on a split-adjusted basis below the image “OPGNW” at the beginning of commerce on day, of this year.

The new CUSIP variety for the normal stock following the overturn split up are 68373L208, and also the new CUSIP variety for the listed stock warrants following the overturn split are 68373L125.

The overturn split up is planned to spice up the market value per share of the Company’s normal stock to qualify it for continued listing on The information system Capital Market.

The Company had formally declared that the Listing Qualifications workers of the information system Capital Market had determined to delist the Company’s securities from information system, effective Gregorian calendar month two, of this year, unless the corporate well-timed requested a hearing previous the information system Hearings Panel (the “Panel”).

On December twenty one, 2K17, the corporate bestowed a call for participation for a hearing ahead of the Panel, that requests stayed any holdup or delisting act by information system a minimum of till the hearing method concludes and any extension set by the Panel expires.

A spoken hearing has been planned for Gregorian calendar month eight, of this year.

The overturn split up can decrease the amount of shares of the Company’s normal stock presently outstanding from regarding fifty six.50M shares to regarding two.30M shares.

Balanced changes are created to the exchange and exercise costs of the Company’s outstanding stock purchase warrants, stock choices, restricted stock units and to the amount of shares issued and issuable below the Company’s justice incentive plans.

Parallel with the overturn stock split; there’ll be a decrease within the variety of shares licensed for issue by the corporate from two hundred.00M to 50.00M.