Company: OPGN
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001829126-25-009312
Chunk: 66

Company: OPGEN INC
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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31, 2025.

Stock purchase warrants

The Company has historically issued common stock purchase warrants in connection with various equity or debt offerings or development agreements. These issuances include entering into inducement agreements with holders of existing warrants whereby terms are amended or additional warrants are issued in order to induce exercise of the existing warrants. The Company did not issue any common stock warrants nor were any warrants exercised in the year ended December 31, 2024 or year-to-date through September 30, 2025.

The Company has certain outstanding warrants that will only become exercisable upon stockholder approval; subsequent to receiving stockholder approval, the warrants will be exercisable for a period of five years.

At September 30, 2025 and December 31, 2024, the following warrants to purchase shares of common stock were outstanding:

    Schedule of stock purchase warrants

    Outstanding at

    Issuance

        Exercise
        Price

    Expiration

    September 30, 2025

    December 31, 2024

    February 2015
     
    $
    660,000.00

    February 2025

    -

    3

    November 2020
     
    $
    504.40

    May 2026

    1,211

    1,211

    February 2021
     
    $
    780.00

    August 2026

    2,084

    2,084

    May 2023
     
    $
    7.785

    - (1)

    889,274

    889,274

    October 2023
     
    $
    3.36

    April 2029

    200,000

    200,000

    1,092,569

    1,092,572

    (1)
    
    Warrants will be exercisable beginning on the date of stockholder approval of the exercisability of the warrants under Nasdaq rules. Once exercisable, the warrants will expire on the five-year anniversary of the date of such stockholder approval.

Stock Compensation

2015 Equity Incentive Plan

In April 2015, the Company adopted, and the Company’s stockholders approved, the 2015 Equity Incentive Plan (the “2015 Plan”); the 2015 Plan became effective upon the execution and delivery of the underwriting agreement