trending Market Intelligence /marketintelligence/en/news-insights/trending/5w8CIdHbxMsfGtSiuX_noQ2 content esgSubNav
In This List

Ocean Power Technologies to implement 1-for-20 reverse split

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


Ocean Power Technologies to implement 1-for-20 reverse split

Ocean Power Technologies Inc. will implement a 1-for-20 reverse stock split of its common stock on March 11 at 5 p.m. ET, following the approval of its shareholders of an amendment to the company's certificate of incorporation.

The reverse stock split will reduce the company's number of issued and outstanding common shares to approximately 1.1 million from approximately 22.7 million, according to a Form 8-K filed March 8.