OpGen Inc. priced a public offering of 3,692,307 units at $3.25 apiece to raise $12 million in gross proceeds.
The Gaithersburg, Md.-based plans to use proceeds for general corporate purposes.
The offering is expected to close by Feb. 6 with H.C. Wainwright & Co. acting as exclusive placement agent.
Each unit includes a common share and half of a purchase warrant. Each whole warrant is exercisable into a company stock at $3.25 each.
