Ocean Power Technologies (OPTT) Offering Said to Price at $2.75/Share - Chatter

Ocean Power Technologies (OPTT) Prices 2.4M Common Stock Offering at $2.75/Share

Ocean Power Technologies, Inc. (NASDAQ: OPTT) (OPT or the Company), announced today the pricing of an underwritten public offering of 2,400,000 shares of its common stock at a price to the public of $2.75 per share. The underwriters will have an option to purchase up to an additional 360,000 shares of common stock from the Company.... More

Ocean Power Technologies (OPTT) Prices 2.4M Common Stock Offering at $2.75/Share

Ocean Power Technologies (NASDAQ: OPTT) disclosed the following on Friday:

Item 1.01. Entry into a Material Definitive Agreement.

On October 14, 2016, Ocean Power Technologies, Inc. (the Company) entered into an Underwriting Agreement with Roth Capital Partners, LLC and Maxim Group LLC, on behalf of the several underwriters (collectively, the Underwriters), for the public offering (the Offering) of 2,400,000 shares of the Companys common stock, par value $.001 per share (the Common Stock), and an additional 360,000 shares of Common Stock to cover any over-allotments, at a price to... More