secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001493152-23-027012
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Power Technologies enters ATM equity sales agreement with Cantor Fitzgerald
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- August 7, 2023: Agreement with Cantor Fitzgerald for at-the-market offering of common stock.
- Cantor receives 3.0% commission on gross proceeds; Company also reimburses certain expenses.
- Company not obligated to sell any shares; agreement terminable by either party.
- Shares may be sold via negotiated transactions or other lawful methods with Company consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315223027012/0001493152-23-027012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315223027012/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-027012

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