Ocean power fails to engage in good faith with paragon creating going concern issues and risk for the company and its shareholders

Easton, 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. on april 28th paragon announced its willingness to consider investing up to $3 million in non-dilutive preferred equity in opt.
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