Ocean Power Technologies Issues Statement In Response To Paragon Technologies' Proxy Contest
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies (OPT) has issued a statement in response to Paragon Technologies' proxy contest. The 2023 Annual Meeting of Shareholders has not yet been scheduled and OPT shareholders are not required to take any action at this time.
July 11, 2023 | 9:37 pm
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Ocean Power Technologies has responded to a proxy contest by Paragon Technologies. The company's 2023 Annual Meeting of Shareholders has not been scheduled yet and no action is required from shareholders at this time.
The news is directly related to Ocean Power Technologies and its shareholders. However, as the company has stated that no immediate action is required from shareholders, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100