OPT Regains NASDAQ Listing Compliance

Ocean Power Technologies has regained compliance for continued listing of its securities on the NASDAQ Stock Market.

The company has received written notification from the Nasdaq Hearings Panel that it now complies with the minimum shareholders’ equity rule and with all other applicable standards.

To remind, in April this year, OPT completed its public offering of common stock, pre-funded warrants and common warrants, raising approximately $15.7 million in net proceeds.

In March, the company reported net loss for the third quarter of fiscal 2019 of $2.6 million, compared to a net loss of $1.7 million for the prior-year period.

Share this article

Follow Marine Energy

Posted on May 22, 2019 with tags , .

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

EWTEC2019

The European Wave and Tidal Energy Conference (EWTEC) series are international, technical and scientific conferences…

read more >

OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >

Seawork International 2019

Seawork International is the largest and fastest growing international commercial marine and workboat exhibition and conference…

read more >

ICCE (ICCE019)

This conference is organized to share and discuss recent developments in clean energy sector…

read more >