SEC filing record
Primary Source · SEC.gov

Ocean Renewable Power Company, Inc.

Platform / Operating Company2021 vintage506(c)

Raised

$9M

Investors

15

Min Invest

None stated

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AltStreet Analysis

·

Generated from EDGAR primary sources

Ocean Renewable Power Company, Inc., a Delaware-incorporated operating company, filed this Form D on 2021-08-19 to report $8.8M raised from 15 investors under the Rule 506(c) exemption. The offering consisted of debt securities paired with an option to acquire equity, with no minimum investment disclosed and no known parent platform affiliation.

This filing sits within the alternative_investment category as a debt-plus-equity-option raise by an operating company rather than a pooled fund vehicle, a structure common among early- to growth-stage renewable energy technology firms seeking non-dilutive or hybrid capital under Rule 506(c). The average check size (~$587K across 15 investors) and lack of a disclosed minimum are consistent with a smaller private placement rather than a large institutional fund.

Data Flags

First Sale DateFirst sale date is not disclosed despite $8.8M already having been sold to 15 investors, which is atypical for a completed raise under $100M (normally expected for large institutional amendments only).
Sales CommissionsNo sales commissions are stated for an $8.8M 506(c) offering, suggesting a direct placement without a broker-dealer intermediary.
Industry GroupIndustry group field was left unspecified on the filing.

Critical Disclosures

What the filings and the regulators have said about this entity that a reader should know first. Each line links to its source. The history, the same event across other issuers, and alerts are in the terminal.

Reporting terminated · Form C · last filing April 6, 2021

Form C-TR filed: reporting terminated

Timeline
Each line is a fact as filed. The history behind it, the same event across other issuers, and an alert on the next one:Open in the terminal Watch this issuer

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001703538
Entity NameOcean Renewable Power Company, Inc.
ExemptionRule 506(c)
What the exemption meansRule 506(c) of Regulation D: the issuer may advertise the offering publicly, but every purchaser must be a verified accredited investor.
Entity TypeCorporation
Jurisdiction of OrganizationDelaware
Issuer Address254 Commercial Street, Suite 119b, Portland, ME 04101
Phone(207) 772-7707
Industry / Fund TypeOther Energy
Securities TypeDebt, Option to Acquire
First Sale Date—
Filing DateAugust 19, 2021
Accession Number0001703538-21-000002
Total Offering Amount$25,000,000
Total Amount Sold$8,800,000
Amount Remaining$16,200,000
Total Investors15
Non-Accredited InvestorsNone
Minimum Investment$0 (no stated minimum)
Offering DurationOne year or less
Revenue RangeDecline to Disclose
State (Issuer Address)ME
Amendment Count17 filings on record

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first (15 of 17). Each opens the SEC archive folder.

In the Terminal

Filing events

0

none on file

Critical / warning

0 / 0

0 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

7

terminated, pre_sale, lapsed

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Investor

  • The dated record: 6 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 7 offering timelines: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Item 3 changed on the Form D filed 2021-08-19: 1 related person added and 1 removed against the filing of 2019-11-14; 6 now listed. The names are in the Terminal feed.

Andrew Dunn

Director · Portland, ME

Millard Firebaugh

Director · Portland, ME

Daniel Googel

Director · Portland, ME

Juan Scripps

Director · Portland, ME

Stuart Davies

Executive Officer, Director · Portland, ME

Abbey Manders

Executive Officer · Portland, ME

Questions About Ocean Renewable Power Company, Inc.

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Ocean Renewable Power Company, Inc.?

Ocean Renewable Power Company, Inc. is a Delaware corporation that filed a Form D with the SEC on August 19, 2021 in the Other Energy industry group. The filing claims Rule 506(c) for an offering of debt.

Is Ocean Renewable Power Company, Inc. legit?

AltStreet does not rate legitimacy; it reports the public record. Ocean Renewable Power Company, Inc. filed a Form D with the SEC on August 19, 2021 claiming Rule 506(c). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $8,800,000 sold to 15 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Ocean Renewable Power Company, Inc. registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Ocean Renewable Power Company, Inc. claimed Rule 506(c) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Ocean Renewable Power Company, Inc. raised?

Ocean Renewable Power Company, Inc. reported $8,800,000 sold from 15 investors of a $25,000,000 total offering as of the Form D filed August 19, 2021.

Who can invest in Ocean Renewable Power Company, Inc.?

The offering relies on Rule 506(c), so the issuer may advertise it but may sell only to investors it has verified as accredited. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.

What is the minimum investment in Ocean Renewable Power Company, Inc.?

The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.

Who is selling Ocean Renewable Power Company, Inc. and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly.

Who is behind Ocean Renewable Power Company, Inc.?

The Form D lists 6 related persons: Andrew Dunn, director; Millard S. Firebaugh, director; Daniel S. Googel, director; Juan Sebastian Scripps, director; Stuart E. Davies, executive officer, director; Abbey E. Manders, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Ocean Renewable Power Company, Inc. located?

The issuer's address on its SEC filings is 254 Commercial Street, Suite 119b, Portland, ME 04101. Its phone number of record is 207-772-7707. It is organized under the laws of Delaware.

How long is the Ocean Renewable Power Company, Inc. offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 7 amendments are on record for this CIK.

What is Ocean Renewable Power Company, Inc.'s revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.