Ocean Power Technologies prices USD 10 million registered direct offering at USD 0.4 per share with warrants

Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc.

OPTT

0.00
  • Ocean Power Technologies priced a USD 10 million registered direct offering at USD 0.4 per share with an accompanying common warrant.
  • Deal covers 25,000,000 common shares, warrants for up to 25,000,000 shares; warrants exercisable in six months at USD 0.4, expire six years after first exercise.
  • Closing expected around June 8, 2026, subject to customary conditions.
  • Net proceeds earmarked for working capital, general corporate purposes.


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: 202606050815PRIMZONEFULLFEED9732339) on June 05, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.