Ocean Power: Rises on agreement to sell shares worth $12.5 mln to Aspire Capital

Ocean Power Technologies

21/09/2020 11:30

** Electric utility's shares  OPTT.O  rise ~10% to $1
premarket
    ** Co agrees to sell up to $12.5 mln worth of shares over a
term of 30 months to Aspire Capital Fund LLC  urn:newsml:reuters.com:*:nGNX8ybB5P
    ** Proceeds to be used to build more PowerBuoys, its
flagship product, meet potential market demand, develop new
products and solutions, and for general corporate purposes 
    ** Up to Friday's close, stock up 5.6%