BRIEF-Opgen Announces Acquisition Of Preferred Stock By David Lazar

Reuters03-26

March 25 (Reuters) - OpGen Inc :

* OPGEN ANNOUNCES ACQUISITION OF PREFERRED STOCK BY DAVID LAZAR

* OPGEN INC: DAVID LAZAR WILL TAKE OVER AS CEO OF OPGEN

* OPGEN INC: SETTLES OUTSTANDING LIABILITIES WITH EIB

* OPGEN: GOT INTO SECURITIES PURCHASE DEAL WITH DAVID LAZAR POST WHICH HE TO BUY 3 MILLION SHARES OF SERIES E PREFERRED STOCK AT $1.00/SHARE FOR $3 MILLION

* OPGEN INC: OLIVER SCHACHT, PHD, RESIGNED AS CEO

* OPGEN INC: WILL PAY $2 MILLION OF PROCEEDS FROM FINANCING TO SETTLE ALL OUTSTANDING DEBT OF COMPANY TO EACH OF EIB AND CURETIS

* OPGEN INC: SETTLEMENT AGREEMENT WITH EIB ALSO TERMINATED GUARANTEE AGREEMENT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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