Ocean Power Technologies Inc (OPTT)

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8-K filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1378140/000149315223020565/form8-k.htm

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.