Pennington-based Ocean Power Technologies Inc. announced Friday the pricing of its public offering of 3.8 million shares of common stock at a price of $3.10 per share.
According to the announcement, the company has granted underwrites a 30-day option to buy 570,000 shares.
Ocean Power expects to receive approximately $10.8 million from the offering, the company said in a recent press release. The offering is expected to close on April 9.
Roth Capital Partners is acting as the sole manager for the offering, the company announced.
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