secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001493152-24-010814
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Power Technologies enters $7M at-the-market equity offering with A.G.P./Alliance Global Partners
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- May sell up to $7M of common stock through A.G.P. as sales agent in ATM offering.
- A.G.P. receives 3.00% commission on gross proceeds; offering effective March 21, 2024.
- Shares issued under existing shelf registration statement (333-275843) effective Dec 12, 2023.
- Proceeds for general corporate purposes and capital needs; no obligation to sell shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315224010814/0001493152-24-010814-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315224010814/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010814

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