Porter Hedges Represents Ocean Power Technologies in its At the Market $20 Million Offering

Porter Hedges represented Ocean Power Technologies, Inc. (“OPT”) (NYSE American: OPTT) in connection with its at the market offering of up to $20 million of common shares. OPT intends to use the net proceeds from the offering for general corporate purposes, but may also include use for acquisitions, investments, or other transactions.

About Ocean Power Technologies

OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms.

For additional information, see the news report here.