Company: OPGN
Filing Date: 2025-05-29
Form Type: 8-K
Source: 0001829126-25-004053
Chunk: 1

Company: OPGEN INC
Filing Date: 2025-05-29
Form: 8-K
Item: Item 1.01
Chunk 1
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 assigned to CapForce the First Tranche of the Equity Consideration.
Following the assignment, pursuant to the Assignment Agreement, CapForce anticipates assisting with and performing the services contemplated
by the Engagement Agreement.

In addition, on April 3, 2025, CapForce entered
into a Joint Venture Agreement (the “ JV Agreement”) with the European Credit Investment Bank (“ ECIB”), a full-fledged,
global facing mid-shore investment bank in Labuan, Malaysia licensed by the Labuan Financial Services Authority, pursuant to which the
parties agreed to form a joint venture company named CapForce EC Capital Markets Ltd. (the “ Joint Venture”) for purposes of
developing and operating a stock trading platform (the “ Trading Platform”) and digital investment banking platform across
Asia and the rest of the world (the “ Digital IB Platform,” and together with the Trading Platform, the “ Platforms”).
The Platforms encompass (i) a community-focused cross border stock trading platform; (ii) a FinTech-enabled cap table management platform;
and (iii) an AI-powered robo-advisory investment bank platform for public listing sponsorship and wealth management. Pursuant to the JV
Agreement, CapForce will own 49% of the outstanding equity interests of the Joint Venture, and ECIB will own 51% of outstanding equity
interests of the Joint Venture. Under the JV Agreement, the parties agreed to strategically collaborate in order to develop the Platforms.
The parties agreed to equally split all profits earned by the Joint Venture and all capital expenditures and operating expenses in the
development and operation of the Trading Platform. With respect to operations unrelated to the Trading Platform, CapForce will be entitled
to receive 80% of the profits of the Joint Venture if the Joint Ventures revenues are less than $10.0 million or 90% of the profits of
the Joint Venture if its revenues exceed $10.0 million. The JV Agreement includes customary representations, warranties, covenants and
agreements of the parties, including relating to the responsibilities and obligations of each party in managing and governing the Joint
Venture. In particular, CapForce will have the right to appoint two directors to the board of directors of the Joint Venture, and ECIB
will have the right to appoint one director to the board of directors of the Joint Venture.

In the JV Agreement, ECIB granted CapForce an
option to purchase between 11% and 30% of the equity interests of ECIB held in the Joint Venture. The