Ocean Power Technologies Inc Sent A Letter To Paragon Technologies; Board Determined Paragon Failed To Submit Proper, Timely Advance Notice Of Nominations In Accordance With OPT's Bylaws
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies Inc (OPTT) has sent a letter to Paragon Technologies, stating that Paragon failed to submit proper, timely advance notice of nominations in accordance with OPTT's bylaws.
October 12, 2023 | 1:07 pm
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OPTT has found Paragon Technologies in violation of its bylaws, which could potentially lead to legal disputes or strained relations.
The news directly involves OPTT and its bylaws. While it's unclear what the immediate financial impact will be, it could lead to legal disputes or strained relations, which could indirectly affect the company's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100