Ocean Power Technologies extends Section 382 tax benefits preservation plan to June 29, 2029

Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc.

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  • Ocean Power Technologies’ board adopted an amended and restated Section 382 Tax Benefits Preservation Plan.
  • The plan’s expiration was extended to the close of business on June 29, 2029 from June 29, 2026.
  • The plan aims to protect federal net operating loss carryforwards by deterring any investor from reaching 4.99% beneficial ownership.
  • The amendment will be submitted for stockholder ratification at the 2026 annual meeting, which has not been scheduled.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ocean Power Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606290800PRIMZONEFULLFEED9753780) on June 29, 2026, and is solely responsible for the information contained therein.

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