OpGen to implement 1-for-10 reverse stock split
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2024
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Source: SeekingAlpha
- OpGen announces a 1-for-10 reverse stock split: OpGen, listed on NASDAQ as OPGN, has approved a reverse stock split to increase the market price per share of common stock.
- Purpose of the reverse stock split: The aim is to regain compliance with The Nasdaq Capital Market’s minimum bid price rule.
- Investment and leadership change: OpGen's stock saw an increase after David Lazar invested $3 million and took over as CEO.
- Financial information available: More details on OpGen's financials can be found for those interested in the company's performance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
