Ocean Power Technologies to price public offering of common stock

Roth Capital Partners helps fund working capital, capital expenditures

By Devika Patel

Knoxville, Tenn., April 3 - Ocean Power Technologies, Inc. will price a public offering of common stock with a 30-day greenshoe, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.

Roth Capital Partners is the bookrunning manager.

Proceeds will be used for working capital, capital expenditures and general business purposes.

The Pennington, N.J., company develops and is commercializing systems that generate electricity by harnessing the renewable energy of ocean waves.

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