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Thursday, June 08, 2023 4:29:05 PM
Item 1.02 Termination of a Material Definitive Agreement.
Effective June 2, 2023, Ocean Power Technologies, Inc. (the “Company”) terminated its At the Market Offering Agreement with A.G.P/Alliance Global Partners (“AGP”) dated November 20, 2020 (the “AGP Agreement”). Under the AGP Agreement, the Company had sold and issued an aggregate of 17,179,883 shares of its common stock with an aggregate market value of $50.0 million at an average price of $2.91 per share and paid AGP a sales commission of approximately $1.6 million related to those shares. There were no penalties associated with the termination.
PROTECT YOUR ASS-ets!!
Recent OPTT News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 09:04:27 PM
- Ocean Power Technologies Launches Global 24/7 Service Support Offering • GlobeNewswire Inc. • 06/17/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 08:05:15 PM
- Ocean Power Technologies Completes Delivery of First Set of New WAM-Vs to Sulmara • GlobeNewswire Inc. • 06/11/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:05:32 PM
- Ocean Power Technologies Awarded Contract for Immediate Delivery of Unmanned Surface Vehicle to Offshore Construction Contractor • GlobeNewswire Inc. • 06/05/2024 11:30:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 08:05:38 PM
- Ocean Power Technologies Completes Engineering of Merrows for Hot Climates • GlobeNewswire Inc. • 05/30/2024 12:00:00 PM
- Ocean Power Technologies Completes Operation with Multiple Unmanned Surface Vehicles for US Government • GlobeNewswire Inc. • 05/28/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 09:21:51 PM
- Ocean Power Technologies Successfully Demonstrates Counter Unmanned Underwater Vehicle Capability • GlobeNewswire Inc. • 05/14/2024 12:39:31 PM
- Ocean Power Technologies Announces Renewable Energy Production Milestone • GlobeNewswire Inc. • 05/13/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:05:36 PM
- Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic • GlobeNewswire Inc. • 05/06/2024 12:15:00 PM
- Ocean Power Technologies Awarded Multi-Year NOAA ProTech Oceans IDIQ Contract • GlobeNewswire Inc. • 04/30/2024 12:15:00 PM
- Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium • GlobeNewswire Inc. • 04/17/2024 12:15:00 PM
- Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions • GlobeNewswire Inc. • 04/16/2024 12:15:00 PM
- Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions • GlobeNewswire Inc. • 04/09/2024 12:01:12 PM
- Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions • GlobeNewswire Inc. • 04/08/2024 12:15:00 PM
- Ocean Power Technologies Announces “Merrows”: A Consolidated Solution for Maritime Domain Awareness • GlobeNewswire Inc. • 04/02/2024 01:33:27 PM
- Ocean Power Technologies to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10 • GlobeNewswire Inc. • 04/01/2024 08:30:00 PM
- Ocean Power Technologies Secures $1.5 Million in Purchase Orders for WAM-V USV's in Latin America • GlobeNewswire Inc. • 03/26/2024 12:15:00 PM
- Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results • GlobeNewswire Inc. • 03/13/2024 08:15:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 03/07/2024 01:26:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 02:07:30 PM
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