Brief: Ocean Power Technologies Enters Into Purchase Agreement With Aspire Capital Fund

Ocean Power Technologies

18/09/2020 21:59

Sept 18 (Reuters) - Ocean Power Technologies Inc  OPTT.O :
    * OCEAN POWER TECHNOLOGIES INC - ENTERS INTO A NEW $12.5
MILLION
COMMON STOCK PURCHASE AGREEMENT WITH ASPIRE CAPITAL FUND
    * OCEAN POWER TECHNOLOGIES INC -  PURCHASE AGREEMENT WITH
ASPIRE
CAPITAL TO SELL UP TO $12.5 MILLION IN COMMON STOCK OVER A TERM
OF 30 MONTHS
    * OCEAN POWER TECHNOLOGIES INC -  PROCEEDS WILL BE USED TO
BUILD
MORE POWERBUOYS AS NEEDED TO MEET POTENTIAL DEMAND, ADVANCE
DEVELOPMENT OF NEW PRODUCTS

Source text for Eikon:  ID:nGNX8ybB5P 
Further company coverage:  OPTT.O 

 ((Reuters.Briefs@thomsonreuters.com;))