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Harris & Harris Says OpGen Raises $17.1 Mln In IPO - Quick Facts

Harris & Harris Group Inc. (TINY), notes its portfolio company, OpGen Inc., announced yesterday the pricing of its initial public offering of 2.85 million units, with each unit consisting of one share of common stock and a warrant to purchase one share of common stock, at a combined price to the public of $6.00 per unit.

All of the units are being offered by OpGen. OpGen's common stock and warrants have been approved for listing on the NASDAQ Capital Market. Each of the common stock and warrants began trading separately on May 5, 2015, under the symbols "OPGN" and "OPGNW," respectively.

Each warrant will be immediately exercisable upon issuance for one share of common stock at an exercise price of $6.60 per share and will expire on May 8, 2020. A number of Harris & Harris Group shareholders purchased units in this initial public offering.

OpGen has granted the underwriters the right to purchase up to an additional 427,500 shares of common stock at a price of $5.99 per share and/or 427,500 additional warrants at a price of $0.01 per warrant less, in each case, the applicable underwriting discount, within 45 days from the date of the initial public offering to cover over-allotments, if any.

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