Recession USA 2020

Ocena Power Technologies enters $12.5M stock purchase agreement with Aspire Capital Fund (NASDAQ:OPTT)

Ocean Power Technologies (NASDAQ:OPTT) executes a new Common Stock Purchase Agreement with Aspire Capital Fund to sell up to $12.5M  over a term of 30 months.

Proceeds will be used to build additional PowerBuoys as needed to meet potential market demand, to further advance the development of new products and solutions, and for other general corporate purposes.

Shares +7.7% AH

Dig deeper into price action and moving averages here.

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