Ocean Power Technologies, Inc. (OPTT) Form 8-K — Jun 8, 2026
Ocean Power Technologies (OPTT) entered into a securities purchase agreement on June 4, 2026, to sell 25 million shares of common stock and 25 million accompanying warrants to institutional accredited investors. The combined purchase price for each share and warrant package is $0.40, resulting in gross proceeds of $10 million for the company. The warrants are exercisable at $0.40 per share beginning six months after issuance and expire six years after the initial exercise date. Ladenburg Thalmann & Co.
Key figures
- Gross Proceeds
- 10000000
- Offering Price
- 0.4
- Shares Offered
- 25000000
- Warrants Offered
- 25000000
- Warrant Term Years
- 6
- Warrant Exercise Price
- 0.4
- Placement Agent Expense Cap
- 50000
- Placement Agent Fee Percent
- 6
- Warrant Exercise Start Months
- 6
Price after filing
Close on the filing date to close N calendar days later (from $0.30). Historical, not a forecast.
AI analysis
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