Ocean Power Technologies Inc Says Attempt By Paragon At Co's 2023 Annual Stockholders Meeting To Nominate Persons For Election To OPT Board To Be Disregarded
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies Inc (OPTT) has announced that it will disregard any attempts by Paragon to nominate persons for election to OPTT's board at the company's 2023 Annual Stockholders Meeting.
October 12, 2023 | 1:07 pm
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OPTT's decision to disregard Paragon's nominations could lead to potential conflicts and instability within the company's board, which may negatively impact the company's stock in the short term.
The decision by OPTT to disregard nominations from Paragon could lead to potential conflicts and instability within the company's board. This could negatively impact investor confidence and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100