Paragon technologies issues statement to shareholders of ocean power technologies regarding the shameless entrenchment actions of the optt board

Easton, pa / accesswire / december 6, 2023 / to the shareholders of optt: paragon technologies ("paragon") (otc pink:pgnt), owns approximately 4.9% of the outstanding shares of ocean power technologies (nyse american:optt), ("opt" or the "company") making paragon the single largest holder of opt based on publicly available information. on november 30, the delaware court denied paragon's request for a preliminary injunction relating to opt's onerous advance notice bylaws, seeking additional information relating to the facts to make a final ruling at a trial, which we expect will follow opt's annual meeting.
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