Ocean power technologies enters into purchase agreement with aspire capital fund

Ocean power technologies inc - enters into a new $12.5 million common stock purchase agreement with aspire capital fund.ocean power technologies inc - purchase agreement with aspire capital to sell up to $12.5 million in common stock over a term of 30 months.ocean power technologies inc - proceeds will be used to build more powerbuoys as needed to meet potential demand, advance development of new products.
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