Paragon technologies files complaint alleging ocean power technologies failed to achieve a legitimate quorum at its annual meeting of shareholders

Easton, 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. "after postponing its annual meeting twice for failing to achieve a quorum, opt filed notice with the securities and exchange commission on march 2 announcing its claimed annual meeting results," notes sham gad, chairman of paragon.
OPTT Ratings Summary
OPTT Quant Ranking