OpGen Inc.

10/09/2024 | Press release | Distributed by Public on 10/09/2024 14:16

Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.

As previously reported, on August 22, 2024, OpGen, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with AEI Capital Ltd. (the "Purchaser"), pursuant to which the Company had the right, in its discretion, to sell to the Purchaser, at any time prior to September 30, 2024, shares of common stock, par value $0.01 per share (the "Shares"), of the Company having an aggregate value of up to $3.0 million (the "Financing"). On October 3, 2024, the Company and the Purchaser entered into a First Amendment to the Purchase Agreement (the "Amendment"). The Amendment amended the Purchase Agreement by: (1) granting the Company the right to sell two additional tranches of common stock to the Purchaser of $3.0 million each, for an aggregate amount of $9.0 million under the Purchase Agreement; and (2) extending the Company's ability to sell shares of common stock to the Purchaser under the Purchase Agreement until December 31, 2025.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.