On January 22, 2024, Ocean Power Technologies, Inc announced that it has sent a letter to its shareholders and stated that it has filed with the SEC a revised definitive proxy statement on Schedule 14A on December 4, 2023, including a form of it proxy card, and other relevant documents with respect to its solicitation of proxies for the 2023 annual meeting. The Company stated that Institutional Shareholder Services recommended the shareholders to vote for the Company nominees. In addition, the Company urged the shareholders to vote on its proxy card and informed the shareholders to any vote for Paragon purported nominees will not be counted on the Company?s 2023 annual meeting.