SC 13G/A: Ocean Power Technologies, Inc.
Ticker: OPTT · Form: SC 13G/A · Filed: Nov 27, 2024 · CIK: 1378140
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by Ocean Power Technologies, Inc..
Risk Assessment
Risk Level: low
Filing Stats: 1,565 words · 6 min read · ~5 pages · Grade level 10 · Accepted 2024-11-27 13:43:24
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
- ea0222905-13ga1alumni_ocean.htm (SC 13G/A) — 63KB
- 0001213900-24-103326.txt ( ) — 64KB
(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: 0 (1) (b) Percent of class: 0 % (2) (c) Number of shares as to which the person has: (i) Sole power to vote or direct the vote: 0 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 : 0 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. 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. (2) Based on 126,230,874 shares of Common Stock issued and outstanding as of November 18, 2024. Item 5. Not applicable. Item 6 Not applicable. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person : Not applicable. Item 8 Identification and Classification of Members of the Group: Not applicable. Item 9 Notice of Dissolution of Group : Not applicable. Item 10 Certifications : By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing o