Ocean Power Technologies aims to price public sale of stock, warrants

Agent Roth Capital Partners helps fund general corporate purposes

By Devika Patel

Knoxville, Tenn., July 21 – Ocean Power Technologies, Inc. will price a public offering of common stock and warrants, according to a prospectus supplement and 8-K filed Thursday with the Securities and Exchange Commission.

Roth Capital Partners is the agent.

Proceeds will be used for general corporate purposes, including development, testing and demonstrations of the PowerBuoy system.

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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