Paragon technologies new release

Easton, pa / accesswire / july 28, 2023 / paragon technologies (otc:pgnt), which owns approximately 4.0% of the outstanding shares of ocean power technologies, inc. (nyse american:optt), has filed a complaint in the delaware court of chancery to enforce its rights, pursuant to section 220 of the delaware general corporation law, to inspect the books and records of optt (the "inspection complaint"). on july 17, 2023, paragon sent a demand letter (the "inspection demand") to optt requesting to inspect the company's books and records for the purpose of investigating apparent wrongdoing and/or mismanagement by optt's board of directors (the "optt board") and/or members of management, inquiring into the independence of the members of the optt board, assessing possible breaches of fiduciary duty by the company's directors and officers, and communicating with other optt stockholders regarding matters relating to their interests as stockholders.
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