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Ocean Power Technologies, Inc. Closes $8,150,000 Offering of Common Stock

PENNINGTON, N.J., Oct. 23, 2017 (GLOBE NEWSWIRE) — OCEAN POWER TECHNOLOGIES, INC. (NASDAQ:OPTT) (“OPT” OR THE “COMPANY”), today announced the closing of its previously announced best efforts public Offering of 5,739,437 shares of its common stock at a price to the public of $1.42 per common share. The Company received net proceeds of approximately $7.4 million from the offering after deducting placement agent fees, commissions and other offering expenses paid by the Company.   Aegis Capital Corp. acted as the sole placement agent for the offering. A registration statement on Form S-3 (File No. 333-209517) relating to these securities was filed […]

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Ocean Power Technologies, Inc. Closes $8,150,000 Offering of Common Stock

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