Good morning, thank you for standing by, and welcome to OpGen's Annual Meeting of Stockholders. I will now turn the call over to Christian-Laurent Bonté, CEO. Please go ahead.
Good morning. The time is 8:00 A.M., Eastern Standard Time, this 2025 Annual Meeting of Stockholders of OpGen Inc will you please come to order. I am Christian Bonté, Chief Executive Officer of the company. I will preside as chair of the meeting. Peter Jaslow, Counsel to the company, will serve as Secretary of the meeting. This meeting will serve as our 2025 annual meeting, since the meeting was not held during the 2025 calendar year. Accordingly, we plan to hold the subsequent 2026 annual meeting during 2026. Thank you for joining us today. We are excited to be hosting this annual meeting virtually, which allows us to be more inclusive and reach a greater number of our stockholders.
We have stockholders attending via the web portal and pleased to introduce you to the following directors and officers who are attending this meeting. Director John Tan Hon Jian, Victor Chua Kok Hoe, Ethan Loh Yu -Jie, Constance Wong Po Yin. Officers, Mohd Azham Azudin, Chief Operating Officer, Syed Johan bin Syed Mohammed, Chief Technology Officer, Gillian Tan Rou Yee, Secretary, Mario Beckles, representative of Beckles & Co, Inc, our independent auditors. We will not be taking questions at the conclusion of this meeting, and we direct all listeners to our filings with the Securities and Exchange Commission. If stockholders have any questions, such questions may be sent to the company by contacting investor relations at InvestorRelations@opgen.com. If you experience any technical difficulties during this annual meeting, please call the technical support number posted on the virtual meeting login page. Please note that this meeting is being recorded.
However, no one attending via the webcast is permitted to use any audio recording device. Mr. Jaslow, please report on the mailing of notice of this meeting to the all stockholders.
Mr. Chair, I have an affidavit of mailing from Broadridge Financial Solutions, stating that on February 10, 2026, the mailing was commenced of the notice of Internet availability of the proxy statement, proxy card, and 2024 annual report to each stockholder of record as of the close of business on January 5, 2026, the date the board of directors fixed as the date for determining stockholders entitled to notice of and to vote at this meeting. The list of stockholders entitled to vote at the meeting has been available and remains available for inspection during this meeting upon request. The affidavit of mailing, together with the attachments thereto, and the list of stockholders, will be filed as part of the records of this meeting.
I hereby appoint Peter Jaslow to serve as Inspector of Election. He is present and will file his oath to faithfully perform the duties of his office with the Secretary of the company. All persons who have signed but not signed in their proxies, and all persons acting as proxies for stockholders are requested to file their proxies with the Inspector of Election for tabulating. We are now ready to hear the report of the Inspector of Election as the presence of a quorum.
The holders of 8,267,368 shares of common stock and as converted preferred stock, being the holders of more than 34% of the issued and outstanding shares of common stock and as converted preferred stock on the record date, are present in person or represented by proxy at this annual meeting and constitute a quorum.
On the basis of the Inspector's report, I declare a quorum present and the meeting lawfully convened. As stated in the notice of the meeting, the holders of common stocks and preferred stocks are being asked to consider and take action upon the following matters: The election of five directors, as named in the proxy statement, to serve as members of the board of directors. A vote on the approval of the 2026 Equity Incentive Plan in the form attached to the proxy statement.
A vote on the approval pursuant to Nasdaq listing rules of the issuance of up to 889,274 shares of common stock upon the exercise of common stock purchase warrants issued to an institutional investor in connection with our public offering that closed on May fourth, 2023, which may be equal to or exceed 20% of our common stock outstanding before such offering. The ratification of the sale and issuance by the company of 7,200,000 shares of the company's common stock to AEI Capital Limited, pursuant to Rule 16b-3(d)(2), promulgated under the Securities Exchange Act of 1934, as amended for the purpose of exempting such sale and issuance from such rule. A vote on the approval of the change of the company name from OpGen, Inc. to CapForce Inc.
An advisory vote on the approval of the compensation of the company's named executive officer for 2025, and a vote to ratify the appointment of Beckles & Co, Inc as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. Because we have seven matters that the stockholders are being asked to consider and take action upon, we will delay voting until after all proposals have been presented to the stockholders. A summary of each proposal is included in a proxy statement for this meeting, copies of which are available through the web portal to anyone who would like one. The first matter to be voted on is the election of directors.
The board of directors has nominated Victor Chua Kok Hoe, John Tan Hon Jian, Ken Lim Zhao Qi, Ethan Loh Yu-Jie, and Constance Wong Po Yin to serve as directors of the company until the next annual meeting of stockholders or until their successors have been elected and qualified. There have been no other nominations made, I declare that the nominations are closed. The second matter to be voted on is the approval of the 2026 Equity Incentive Plan.
The third matter to be voted on is the approval pursuant to Nasdaq listing rules of the issuance of up to 889,274 shares of common stock upon the exercise of common stock purchase warrants issued to an institutional investor in connection with our public offering that closed on May 4, 2023, which may be equal to or exceed 20% of our common stock outstanding before such offering. The fourth matter to be voted on is the ratification of the sale and issuance by the company of 7,200,000 shares of the company common stock to AEI Capital Limited, pursuant to Rule 16b-3(d)(2), promulgated under the Securities Exchange Act of 1934, as amended for the purpose of exempting such sale and issuance from such rule.
The fifth matter to be voted on is the approval of the change of the company name from OpGen, Inc. to CapForce Inc. The sixth matter to be voted on is the advisory vote on the approval of the compensation of the company's named executive officer for 2025. The seventh and final matter to be voted on is a vote to ratify the appointment of Beckles & Co, Inc as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025. Now that these seven proposals have been made for action by the stockholders, all proposals will now be put to a vote. If there are any stockholders present at this meeting desiring to vote in person, they may do so now as provided by via the virtual meeting room.
Let me remind you that if you have already sent in your executive proxy, there is no need to vote now during the meeting, since your proxy will be voted in the manner authorized by you on your proxy card. Of course, you may withdraw your proxy, register, and vote now if you wish to do so, but unless you wish to change your vote, it is not necessary to do this. I declare the polls to be open and voting is in order for the proposals that have been submitted at this meeting. I now declare the polls closed. If the Inspector of Election has completed tabulation of the votes, I ask him to present his report.
Mr. Chair, the report of the Inspector of Election is that the five individuals identified in the proxy statement are the five nominees for director, receiving the highest number of votes cast by the stockholders entitled to vote for the election of directors. Accordingly, such individuals have been elected to the board of directors. The vote on the approval of the 2026 Equity Incentive Plan has been approved by a majority of votes present in person or represented by proxy and entitled to be cast with respect to such proposal.
The vote on the approval pursuant to Nasdaq listing rules of the issuance of 889,274 shares upon exercise of common stock purchase warrants issued in our 2023 public offering to an institutional investor, has been approved by a majority of votes present in person or represented by proxy and entitled to be cast with respect to such proposal. The vote on the ratification of the sale and issuance of 7,200,000 shares of common stock to AEI Capital Limited, pursuant to Rule 16b-3(d)(2) of the Exchange Act, has been approved by a majority of votes present in person or represented by proxy and entitled to be cast with respect to such proposal. The vote on the approval of the change of the company's name from OpGen, Inc. to CapFORCE Inc.
has been approved by a majority of votes present in person or represented by proxy and entitled to be cast with respect to such proposal. The advisory vote on the approval of the compensation of the company's named executive officers for fiscal year 2025 has been approved by a majority of votes present in person or represented by proxy and entitled to be cast with respect to such proposal. The proposal to ratify the appointment of Beckles & Co, Inc as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025, has been ratified by a majority of votes present in person or represented by proxy and entitled to be cast with respect to such proposal.
On the basis of the report of the Inspector of Election, the 5 nominees listed in the proxy statement are hereby declared to be duly elected directors of the company, each to all office, until the next annual meeting of stockholders or until their respective successors are elected and qualified. The proposals to approve the company 2026 Equity Incentive Plan, the issuance of shares subject to the previously described common stock purchase warrant, the ratification of the issuance of 7.2 million shares of common stock to AEI Capital Limited, the change of the company's name to CapFORCE Inc, and the advisory vote on the compensation of the company's named executive officers for 2025 have each been approved. In addition, the appointment of Beckles & Co, Inc.
as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025, has been ratified. Mr. Jaslow, please file as part of the records of this meeting, a copy of the inspector's report. We will be reporting the final voting result in a Form 8-K to be filed within four business days of this meeting. This concludes the formal business of this annual meeting. There being no further business to come before this meeting, the meeting is now adjourned. Before concluding, on behalf of our directors and management, thank you for your attendance today and for your continued support. Meeting officially adjourned at 8:13 A.M.
Ladies and gentlemen, this concludes today's meeting. We thank you for participating. You may now disconnect your line.