Ocean Power Technologies enters at-the-market equity offering agreement for up to $20 million stock sale - OPTT News | RalliesOcean Power Technologies enters at-the-market equity offering agreement for up to $20 million stock sale
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OPTT• At-the-market equity program
- Ocean Power Technologies set up an at-the-market equity distribution program for up to $20 million of common stock.
- H.C. Wainwright will act as sales agent, earning a 3% commission on gross proceeds.
- Shares will be issued under the company’s effective Form S-3 shelf registration statement.
