Ocean Power Technologies Secures $325,000 Note, Potential $2.875 Million Follow-On
Ocean Power Technologies entered into a securities purchase agreement with Vanquish Funding Group for a 12% promissory note with a $373,750 principal amount, issued for a $325,000 purchase price after an original issue discount. The note matures October 30, 2027; the company may seek up to $2.875 million in potential follow-on financing.
Ocean Power Technologies entered into a Securities Purchase Agreement with Vanquish Funding Group for a 12% promissory note with a $373,750 principal amount, issued for a $325,000 purchase price after an original issue discount. The note matures on October 30, 2027, and the company may seek up to…