Ocean Power (OPTT) news

JTL Defence - Naveen Kumar Laroiya steps down as chief financial officer

JTL Industries Limited has announced the resignation of Mr. Atul Garg as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from close of business hours . The company simultaneously appointed Mr. Naveen Kumar Laroiya as the new CFO and KMP, also effective from the same date…

Ocean Power Technologies announces first quarter fiscal 2027 results

Ocean Power Technologies, Inc. (NASDAQ: OPTT) has announced its first quarter fiscal 2027 results, though specific financial figures were not disclosed in the latest reports. The company has been navigating a challenging financial landscape, highlighted by a previously reported net loss of $48.9…

Ocean Power buys subsea technology: no terms

Ocean Power buys subsea technology; no terms

Ocean Power Technologies Inc. has announced the acquisition of a subsea technology firm, marking a strategic move to expand its capabilities in the marine energy sector. The company did not disclose the financial terms of the deal, citing the need to maintain confidentiality during the transition…

Ocean Power Technologies announces pricing of $10,000,000 registered direct offering priced at a premium to market

Ocean Power Technologies, Inc. (NASDAQ: OPTT) has announced the pricing of a $10,000,000 registered direct offering of its common stock. The offering is structured under a Common Stock Purchase Agreement with Aspire Capital Fund, LLC, which allows Ocean Power to sell up to $10 million in shares…