Ocean Power Technologies Files Prospectus Related To Offering Of Up To 2.4M Shares Of Common Stock By Selling Stockholders
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Ocean Power Technologies (OPTT) has filed a prospectus related to the offering of up to 2.4 million shares of common stock by selling stockholders.
June 30, 2023 | 12:50 pm
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Ocean Power Technologies (OPTT) has filed a prospectus for the offering of up to 2.4 million shares of common stock by selling stockholders. This could potentially dilute the value of existing shares.
The filing of a prospectus for the offering of up to 2.4 million shares by selling stockholders could potentially dilute the value of existing shares, which could lead to a decrease in the stock price in the short term.
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