Glancy Prongay & Murray LLP Announces Investigation of Ocean Power Technologies, Inc. (OPTT)
Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Ocean Power Technologies, Inc. (
NYSEOPTT) concerning the Company and its directors’ and officers’ possible violations of state laws.
Ocean Power Technologies to Speak at The Microcap Conference 2025MONROE TOWNSHIP, NJ / ACCESSWIRE / January 9, 2025 / Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American:OPTT), is pleased to announce its participation in The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ.
Stocks to Watch Under $1: IDAI, OPTT, KAVL, HWH more Opportunities inside…For investors seeking high-potential stocks priced under $1, several companies stand out due to their innovative offerings, upcoming developments, or strategic positioning in the market. Here’s a look at six noteworthy companies to watch:
Paragon Technologies Recommends Ocean Power Shareholders Vote AGAINST the Company's Plan to Increase Its Authorized Shares and Hold the Board Accountable for Its Wasteful Spending That Leads to Increasing LossesEASTON, PA / ACCESSWIRE / July 26, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company and a large shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company" or "OPT"), issues the following statement to OPT shareholders:
Ocean Power Fails to Engage in Good Faith with Paragon Creating Going Concern Issues and Risk for the Company and Its ShareholdersEASTON, PA / ACCESSWIRE / June 7, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company and a large shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company" or "OPT"), issues the following statement.
Paragon Technologies Files Complaint Alleging Ocean Power Technologies Failed to Achieve a Legitimate Quorum at its Annual Meeting of ShareholdersEASTON, PA / ACCESSWIRE / April 12, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company and the largest shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company" or "OPT"), yesterday filed a complaint in the Delaware Court of Chancery alleging OPT failed to achieve a quorum at its 2023 Annual Meeting of Stockholders held on February 28, 2024.
Ocean Power Continues to Ignore Small Individual Investors Instead Focusing on Institutional Investors Who Own Relatively Little OPT StockEASTON, PA / ACCESSWIRE / February 27, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, and the largest shareholders of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), is dismayed at how OPT's Board and CEO continue to disregard individual shareholders and instead favor institutional investors who own relatively little OPT shares.
Paragon Asks Ocean Power CEO Stratmann to Provide Shareholder Transparency to Recent Announcements - Believes Ocean Power Will Report Significant Losses in Upcoming Quarterly Earnings ReleaseEASTON, PA / ACCESSWIRE / February 15, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), calls on Ocean Power's CEO Phillip Stratmann to immediately provide shareholders with appropriate transparency regarding OPT's recent order and funding announcements and how they impact the Company's bottom line in light of the Company's unsustainable expenses.
Ocean Power Technologies Announces Further Adjournment of 2023 Annual Meeting of Shareholders
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that the Company’s 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”) was reconvened on Thursday, February 8, 2024, at 3:00 P.M. Eastern Time and adjourned, without any business being conducted, because the quorum required by the Company’s Bylaws (a majority of the shares of OPT’s common stock issued and outstanding as of the close of business on the December 4, 2023 record date for the 2023 Annual Meeting) was not obtained.
Ocean Power Technologies Board Postpones Annual Meeting for a Second Time After Failing Yet Again to Obtain Enough Shareholder Votes - Paragon Asks Shareholders to Make Your Voice Heard by Disregarding OPT's White Proxy CardEASTON, PA / ACCESSWIRE / February 8, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), today issues the following statement to OPT shareholders:
Paragon Urges Individual Investors to Stand Up to Corporate Greed, Entrenchment and Deception by Ignoring OPT's White Proxy CardEASTON, PA / ACCESSWIRE / February 2, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), asks OPT shareholders to disregard and ignore any white proxy card or phone calls from OPT soliciting their votes.
Ocean Power Technologies Board Postpones Annual Meeting After Failing to Obtain Enough Shareholder Support to Achieve a Quorum; Vote Paragons’ BLUE Proxy Now to Save OPTEASTON, PA / ACCESSWIRE / February 1, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), today issues the following statement to OPT shareholders:
Ocean Power Technologies Announces Adjournment of 2023 Annual Meeting of Shareholders
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that the Company’s 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”) was convened on Wednesday, January 31, 2024, at 10:00 A.M. Eastern Time and adjourned, without any business being conducted, because the quorum required by the Company’s Bylaws (a majority of the shares of OPT’s common stock issued and outstanding) was not obtained.
Both Leading Independent Proxy Advisory Firms – ISS and Glass Lewis – Now Recommend Voting ONLY on the WHITE Proxy Card “FOR” All of Ocean Power Technologies Board Nominees
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that both leading, independent proxy advisory firms – Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”) – have now recommended that the Company’s shareholders vote ONLY on the WHITE proxy card “FOR” all of the OPT Board of Directors’ (the “Board”) highly qualified and experienced director nominees at the upcoming 2023 Annual Meeting of Stockholders (“2023 Annual Meeting”), scheduled to be held on Wednesday, January 31, 2024, via live webcast.
Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote ONLY on the WHITE Proxy Card “FOR” All of Ocean Power Technologies Board Nominees
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that Glass, Lewis & Co., LLC (“Glass Lewis”), a leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. (“ISS”) in recommending that the Company’s shareholders vote ONLY on the WHITE proxy card “FOR” all of the OPT Board of Directors’ (the “Board”) highly qualified and experienced director nominees at the upcoming 2023 Annual Meeting of Stockholders (“2023 Annual Meeting”), scheduled to be held on Wednesday, January 31, 2024, via live webcast.
Paragon Calls Out OPT's Shameless and Desperate Campaign of Entrenchment; Urges Shareholders to Carefully Evaluate OPT's Track Record of DishonestyEASTON, PA / ACCESSWIRE / January 25, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), is urging shareholders to carefully evaluate OPT's track record of dishonesty and vote Paragon's BLUE proxy card to send a message to the OPT board.
Paragon Calls Out OPT’s Inaccurate Statements About Voting on the Blue Proxy Card; Vote the Blue Proxy Card and Put an End to the Corporate Greed and Drowning Share PriceEASTON, PA / ACCESSWIRE / January 22, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.8% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), asks shareholders to disregard misleading statements from OPT about your vote not counting on the BLUE proxy card. Your vote does count. The Delaware court, not OPT, will determine the voting.
Paragon Technologies Issues Presentation to OPT Shareholders to Vote Blue Proxy CardEASTON, PA / ACCESSWIRE / January 4, 2024 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, and the largest shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), reminds OPT shareholders to DISREGARD any WHITE proxy from OPT and issued the following presentation on how to vote the BLUE proxy card below.
Paragon Reminds OPT Shareholders to ONLY Vote Blue Proxy and Send Message to OPT Board that Change is Needed to Avoid Continued Shareholder LossesEASTON, PA / ACCESSWIRE / December 28, 2023 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, and the largest shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), would like to thank shareholders for their overwhelming support so far.
Paragon Technologies Commences Mailing of BLUE Proxy Card and Issues Letter to Ocean Power Technologies ShareholdersEASTON, PA / ACCESSWIRE / December 18, 2023 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.9% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), today mailed out its BLUE proxy card to OPT shareholders and issued the following letter:
RETRANSMISSION: Paragon Calls Out Ocean Power’s Contract Award Announcements in Response to Paragon’s Campaign as Too Little, Too LateEASTON, PA / ACCESSWIRE / December 13, 2023 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.9% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), calls out OPT's recent contract award press releases in response to Paragon's criticism of the financial mismanagement of OPT as yet another attempt to divert shareholder attention from the degrading financial condition of the Company.
Ocean Power Technologies Sends Letter to Shareholders Highlighting Continued Execution of Company’s Value-Enhancing Strategy
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today sent a letter to shareholders in connection with the Company’s upcoming Annual Meeting of Stockholders (the “2023 Annual Meeting”), which is scheduled to be held on Wednesday, January 31, 2024, via live webcast.
