These transactions reflect AEI Capital Ltd's continued investment in OpGen Inc (OTC:OPGN), a company specializing in medical laboratory services. The purchases have increased AEI Capital Ltd's holdings to 2.4 million shares, indicating a strong position in the company's future prospects. InvestingPro subscribers have access to 13 additional investment tips and comprehensive financial metrics to better evaluate OpGen's potential. InvestingPro subscribers have access to 13 additional investment tips and comprehensive financial metrics to better evaluate OpGen's potential.
These transactions reflect AEI Capital Ltd's continued investment in OpGen Inc, a company specializing in medical laboratory services. The purchases have increased AEI Capital Ltd's holdings to 2.4 million shares, indicating a strong position in the company's future prospects. InvestingPro subscribers have access to 13 additional investment tips and comprehensive financial metrics to better evaluate OpGen's potential.
These transactions reflect AEI Capital Ltd's continued investment in OpGen Inc, a company specializing in medical laboratory services. The purchases have increased AEI Capital Ltd's holdings to 2.4 million shares, indicating a strong position in the company's future prospects.
In other recent news, OpGen Inc. has made significant changes to its executive team and financing arrangements. The company announced the appointment of Mohd Azham Azudin as Chief Operating Officer and Gillian Tan Rou Yee as Company Secretary, a move aimed at strengthening its operational and governance frameworks. Additionally, OpGen secured an additional $6 million in funding and extended its securities purchase agreement with AEI Capital Ltd. until the end of 2025.
The new financing agreement allows OpGen to issue two more tranches of common stock, potentially raising the total financing under the agreement to $9 million. Amid these changes, the company also restated its Q1 2024 financials due to an accounting error, a decision made in consultation with its board of directors and independent registered public accounting firm.
In a significant shift in OpGen's leadership and ownership structure, former CEO and Chairman, David Lazar, sold his shares to AEI Capital Ltd., resulting in his departure from executive roles. This transaction increased AEI Capital Ltd.'s stake in OpGen to approximately 49%, with a potential rise to about 80% upon acquisition of the remaining Series E Stock shares. John Tan, an AEI Capital Ltd. designee, has been appointed as the new CEO, Chairman, and Director of OpGen. These are the recent developments in OpGen Inc.
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