Nano cap OpGen (OPGN -7.8%) is down on below-average volume. Shares have retreated 27% since touching $2.90 on Tuesday.
This morning, the company announced that it will issue shares of stock to pay accrued interest related to its $1M promissory note with Merck Global Innovation Fund, LLC. Under the terms of the amendment, which also extends the maturity date to July 1, 2021, it will issue shares to Merck Global to pay $285.5K in accrued interest as of July 14 in a private transaction. The interest rate of the note remains 10%.