To learn more, visit www.oceanpowertechnologies.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Find the latest Ocean Power Technologies, Inc. (OPTT) stock quote, history, news and other vital information to help you with your stock trading and investing. You can change your choices at any time by visiting Your Privacy Controls. We'll assume you're ok with this, but you can opt-out if you wish. Proceeds will be used by OPT to build additional PowerBuoys® as needed to meet potential market demand, to further advance the development of new products and solutions, and for other general corporate purposes. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release. Ocean Power Technologies (NASDAQ:OPTT) executes a new Common Stock Purchase Agreement with Aspire Capital Fund to sell up to $12.5M over a … “By focusing on lowering costs to obtain working capital, we believe this agreement allows the Company to receive a higher value return for funding to meet our projected sales growth and our continued innovations in providing ocean power.”. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. The Purchase Agreement may be terminated by the Company at any time, at its discretion, without any additional cost or penalty. MONROE TOWNSHIP, N.J., Sept. 18, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (Nasdaq: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today it has executed a new Common Stock Purchase Agreement (the "Purchase Agreement") with Aspire Capital Fund, LLC ("Aspire Capital") to sell up to $12.5 million in common stock … To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices.
"By focusing on lowering costs to obtain working capital, we believe this agreement allows the Company to receive a higher value return for funding to meet our projected sales growth and our continued innovations in providing ocean power.". Forward-Looking StatementsThis release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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