Ocean Power Technologies announced that it has signed an amended and restated Section 382 Tax Benefits Preservation Plan and has filed the related documents with the U.S. Securities and Exchange Commission.

Ocean Power Technologies announced that it has signed an amended and restated Section 382 Tax Benefits Preservation Plan and has filed the related documents with the U.S. Securities and Exchange Commission.

老虎证券2026/06/29 13:33

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This move aims to protect significant tax assets that could be at risk due to changes in the ownership structure of the company. The plan is generally used to prevent triggering Section 382 of the U.S. Internal Revenue Code when shareholder ownership exceeds a certain threshold, thereby avoiding a reduction in the value of tax attributes such as net operating losses.

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Ocean Power Technologies announced that it has signed an amended and restated Section 382 Tax Benefits Preservation Plan and has filed the related documents with the U.S. Securities and Exchange Commission.

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