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OpGen to raise $12M in public offering of units

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.