January 19, 2018 12:34 PM ET

Machinery

Company Overview of Ocean Power Corporation

Company Overview

OPC Liquidation Corporation does not have significant operations. The company seeks various plan of reorganization. Previously, it intended to engage primarily in the business of developing and marketing water desalination and renewable power generation systems. The company was formerly known as Ocean Power Corporation and changed its name to OPC Liquidation Corporation in 2007. OPC Liquidation Corporation is based in New York, New York.

555 Madison Avenue

9th Floor

New York, NY 10022

United States

Phone:

212-765-9100

Key Executives for Ocean Power Corporation

Ocean Power Corporation does not have any Key Executives recorded.

Ocean Power Corporation Key Developments

SEC Revokes Registration Of Registered Securities Of Ocean Power Corporation

An Administrative Law Judge has issued an Initial Decision of Default as to Ocean Power Corporation. The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.

SEC Orders Hearings On Registration Suspension Or Revocation Against Ocean Power Corporation For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Ocean Power Corporation for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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Recent Private Companies Transactions

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