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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
- Ocean Power Technologies Partners with Unique Group for Autonomous Vehicle Services in the Middle East • GlobeNewswire Inc. • 07/02/2024 12:00:00 PM
- Ocean Power Technologies Signs OEM Agreement with Key Maritime Technology Provider Teledyne Marine • GlobeNewswire Inc. • 06/27/2024 09:02:00 PM
- Ocean Power Technologies Reaches Agreement in Principle for Delivery of Multiple Unmanned Surface Vehicles to US Government • GlobeNewswire Inc. • 06/26/2024 12:00:00 PM
- Ocean Power Technologies Selected as Preferred Supplier for Delivery of AI capable Merrows Buoy in the Middle East • GlobeNewswire Inc. • 06/24/2024 12:00:00 PM
- 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
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- 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
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