Ocean Power Technologies prices $3 million public offering
OPTT•Ocean Power Technologies priced a best-efforts public offering of 6 million common shares, expecting gross proceeds of $3 million before fees and expenses. The offering includes warrants for up to 6 million additional shares at $0.50 each, expiring five years after issuance.
1. Offering terms
Ocean Power Technologies priced a best-efforts public offering of 6 million common shares, with expected gross proceeds of $3 million before fees and expenses. The offering also includes warrants to purchase up to 6 million common shares at an exercise price of $0.50 per share; the warrants expire five years from issuance. Closing is expected on or about November 16, 2026, subject to customary closing conditions.
