OpGen prices equity offering at $3.25 per unit; shares down 18% premarket

|About: OpGen (OPGN)|By:, SA News Editor

OgGen (NASDAQ:OPGN) prices its public offering of 3,692,307 units at $3.25 per unit. Each unit consists of one share of common stock and one five-year warrant to purchase 1/2 of a share of common at $3.25. Closing date is February 6.

Net proceeds will fund R&D, the continued development and manufacturing of its Acuitas AMR Gene Panels, acquisitions of products and technologies, capex, working capital and general corporate purposes.

Yesterday's close was $3.65. Shares are down 18% premarket on light volume.

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