Company: OPGN
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001829126-25-006628
Chunk: 65

Company: OPGEN INC
Filing Date: 2025-08-21
Form: 10-K
Item: Item 1
Chunk 65
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4 and April 23, 2024, respectively, in exchange for an additional 350,000 shares of Series E Preferred Stock. In July 2024, Mr. Lazar consummated a transaction pursuant to which he sold his 550,000 shares of Series E Preferred Stock together with his rights to purchase the additional 2,450,000 shares of Series E Preferred Stock under the March 2024 Purchase Agreement to AEI Capital Ltd. Subsequently, AEI Capital Ltd. paid the Company $2.45 million in August 2024 in exchange for the remaining 2,450,000 shares of Series E Preferred Stock under the terms of the March 2024 Purchase Agreement. All 3,000,000 shares of Series E Preferred Stock were subsequently converted into 7,200,000 shares of the Company’s common stock in August 2024.

41

Equity Compensation Plan Information

The following table shows, as of December 31, 2024, the Company’s equity compensation plans under which the Company’s equity securities are authorized for issuance:

    Plan Category
     
    Number of securities to be issued upon exercise of outstanding options, warrants and rights (1)

    Weighted average exercise price of outstanding options, warrants and rights (2)

    Number of securities remaining available for future issuance (3)

    Equity compensation plans approved by security holders

    1,283,085

    $
    10.82

    -

    Equity compensation plans not approved by security holders

    -

    -

    -

    Total

    1,283,085

    $
    10.82

    -

    (1)
    Includes 190,237 outstanding restricted stock units for which there is no exercise price, of which 189,730 awards will not be issued or vest until the Company’s stockholders approve the Company’s new equity incentive plan, which the Company plans to propose at the upcoming Annual Meeting of stockholders. 

    (2)
    Includes the weighted-average exercise price of stock options and warrants only. 

    (3)
    Does not include 402,831 shares of common stock that became available under the 2015 Plan on January 1, 2025 as a result of the evergreen provision of the plan. 

2008 Plan

Our 2008 Stock Option and Restricted Stock Plan, as amended, or 2008 Plan, was approved by our Board and stockholders in April 2008; subsequent increases in the number