AEI Capital Ltd - Jul 30, 2024 Form 3 Insider Report for OPGEN INC (OPGN)

Role
10%+ Owner
Signature
AEI Capital Ltd, By: /s/ John Tan Honjian, Director and CEO
Stock symbol
OPGN
Transactions as of
Jul 30, 2024
Transactions value $
$0
Form type
3
Date filed
8/28/2024, 12:59 PM
Next filing
Oct 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OPGN Common Stock 6.57M Jul 30, 2024 See footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding OPGN Series E Convertible Preferred Stock Jul 30, 2024 Common Stock 264K See footnote F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are held of record by AEI Capital Ltd (the "Reporting Person"), a wholly owned subsidiary of AEI Capital Group Sdn. Bhd. John Tan Honjian, a director and CEO of AEI Capital Ltd, owns 80% of AEI Capital Group Sdn. Bhd. Mr. Tan shares beneficial ownership of the securities held of record by AEI Capital Ltd.
F2 On July 30, 2024, the "Reporting Person" entered into a securities purchase agreement with David Lazar, a third party, under which the Reporting Person agreed to purchase (i) 550,000 shares of Series E Convertible Preferred Stock (the "Series E Preferred Stock") of OpGen, Inc. (the "Company") and (ii) the rights to acquire an additional 2,450,000 shares of Series E Preferred Stock for $2,550,000 from Mr. Lazar. Between July 31 and August 16, 2024, the Reporting Person exercised its rights and acquired an additional 2,186,039 shares of the Series E Preferred Stock and converted the entire 2,736,039 shares of the Series E Preferred Stock into 6,566,494 shares of Common Stock for an aggregate conversion price of $2,736,039. The Reporting Person remains the owner of 263,961 shares of Series E stock, which can convert into 633,506 shares of common stock.
F3 The Series E Preferred Stock is perpetual and has no expiration date.
F4 The Series E Preferred Stock shares are convertible at the option of the Reporting Person for no additional consideration.