other material
confidence high
sentiment neutral
materiality 0.60
Ocean Power Technologies enters $20M at-the-market equity offering with H.C. Wainwright
Ocean Power Technologies, Inc.
- Up to $20M of common stock may be sold at market prices through H.C. Wainwright as sales agent.
- Commission of 3.0% of gross proceeds; Wainwright reimbursed up to $50K in expenses.
- Shares sold under existing S-3 shelf registration (File No. 333-275843) effective Dec 12, 2023.
- No obligation to sell; sales at the Company's discretion based on market conditions.