Tuesday, OpGen Inc (NASDAQ:OPGN) shares are trading higher after the company entered into a securities purchase agreement with a private investor, David Lazar, to acquire 3 million shares of Series E Convertible Preferred Stock at $1.00 per share for aggregate gross proceeds of $3.0 million.
The shares are trading higher on a strong session volume of 1.42 million compared to an average volume of 288.651K, as per data from Benzinga Pro.
The company will use the proceeds to repay and settle outstanding indebtedness and liabilities for other general corporate and operating purposes.
On ...