Corporate ActionJul 27, 2026, 05:31 PM
Ocean Power Technologies to offer up to $20M in common stock
AI Summary
Ocean Power Technologies, Inc. has entered into an at-the-market offering agreement with H.C. Wainwright & Co., LLC. Under this agreement, the company may offer and sell shares of its common stock with an aggregate offering price of up to $20,000,000. H.C. Wainwright & Co., LLC will serve as the sales agent and will receive a commission of 3.00% of the aggregate gross proceeds from the sale of shares.
Key Highlights
- Ocean Power Technologies entered an at-the-market offering agreement.
- Company may offer and sell up to $20,000,000 of common stock.
- H.C. Wainwright & Co., LLC will act as sales agent.
- Wainwright will receive a commission of 3.00% of gross proceeds.
- Shares will be issued under an effective shelf registration statement.
Price Impact
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