SC 13G: Ocean Power Technologies, Inc.
Ticker: OPTT · Form: SC 13G · Filed: Sep 24, 2024 · CIK: 1378140
Sentiment: neutral
Topics: sc-13g
AI Summary
SC 13G filing by Ocean Power Technologies, Inc..
Risk Assessment
Risk Level: low
Filing Stats: 1,860 words · 7 min read · ~6 pages · Grade level 9.9 · Accepted 2024-09-24 06:09:32
Key Financial Figures
- $4,000,000 — ompany may sell to Alumni Capital up to $4,000,000 (the “Investment Amount”),
- $0.001 — unt”), of shares of common stock, $0.001 par value per share, of the Company (th
Filing Documents
- ea0215444-13galumini_ocean.htm (SC 13G) — 65KB
- 0001213900-24-081178.txt ( ) — 67KB
(a)
Item 1(a) Name of Issuer : Ocean Power Technologies, Inc.
(b)
Item 1(b) Address of Issuer’s Principal Executive Offices : 28 Engelhard Drive, Suite B Monroe Township, NJ 08831
(a)
Item 2(a) Name of Person Filing : Alumni Capital LP Alumni Capital GP LLC Ashkan Mapar, Manager of Alumni Capital GP LLC
(b)
Item 2(b) Address of Principal Business Office or, if none, Residence : The address for the principal business office of each of Alumni Capital LP, Alumni Capital GP LLC, and Ashkan Mapar is: 80 S.W. 8 TH Street Suite 2000 Miami, FL 33131
(c)
Item 2(c) Citizenship : Alumni Capital LP, Delaware limited partnership Alumni Capital GP LLC, Delaware limited liability company Ashkan Mapar, USA
(d)
Item 2(d) Title of Class of Securities : Common Stock, par value $0.001 per share
(e)
Item 2(e) CUSIP No. : 674870506 Item 3 If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a : The statement is not filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c). Item 4 (a) Amount beneficially owned: 10,416,667 (1) (b) Percent of class: 9.48 % (2) (c) Number of shares as to which the person has: (i) Sole power to vote or direct the vote: 10,416,667 shares of Common Stock (1) 5 (ii) Shared power to vote or direct the vote; 0 shares (iii) Sole power to dispose of or direct the disposition of : 10,416,667 shares of Common Stock (1) (iv) Shared power to dispose or direct the disposition of : 0 (1) All of the shares are owned beneficially by Alumni Capital LP. Ashkan Mapar may be deemed to possess voting and dispositive power in his capacity as manager of Alumni Capital GP, LLC; however, Ashkan Mapar disclaims beneficial ownership of these shares. (a) Such shares represent beneficial ownership of 9.48% of the shares outstanding, based on 109,936,034 shares of Common Stock issued and outstanding as of September 23, 2024. (b) Alumni Capital GP LLC is the general partner of Alumni Capital LP and in that capacity has voting and dispositive power over the shares owned by Alumni Capital LP. Alumni Capital GP LLC does not itself own any securities of the issuer. Alumni Capital GP, LLC is thus the beneficial owner of 10,416,667 shares of Common Stock. Such shares represent beneficial ownership of 9.48% of the shares outstanding, based on 109,936,034 shares of Common Stock issued and outstanding as of September 23, 2024. (2) Based on 109,936,034 shares of Common Stock issued and outstanding as of September 23, 2024. Item 5. Not applicable. Item 6 Not applicable. Item 7 Identification and Classification of the Subsidiary Which Acqu