Paragon Technologies Offers Up To $3M Investment In Ocean Power Technologies, Will Drop Lawsuits If Financing Agreement Is Reached
Portfolio Pulse from Benzinga Newsdesk
Paragon Technologies has proposed an investment of up to $3 million in Ocean Power Technologies (OPTT). If a financing agreement is reached, Paragon will drop its lawsuits against OPTT.
June 07, 2024 | 4:14 pm
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Paragon Technologies has proposed an investment of up to $3 million in Ocean Power Technologies (OPTT). If a financing agreement is reached, Paragon will drop its lawsuits against OPTT.
The proposed investment of up to $3 million by Paragon Technologies could provide significant financial support to Ocean Power Technologies (OPTT). Additionally, the dropping of lawsuits by Paragon would remove legal uncertainties, potentially boosting investor confidence and positively impacting OPTT's stock price in the short term.
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