{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-020565","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-06-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.642259+00:00","generated_at":"2026-06-14T04:50:09.012595+00:00","sec_items":["1.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Ocean Power Technologies terminates ATM offering agreement with AGP after raising $50M","bullets":["Terminated At the Market Offering Agreement with A.G.P./Alliance Global Partners effective June 2, 2023.","Under the agreement, 17,179,883 shares sold at ~$2.91 average for $50M total proceeds; $1.6M commission paid.","No penalties incurred for termination; no new equity facility announced.","Company retains ability to raise capital through other means going forward."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-020565","json":"https://secwatch.observer/filing/0001493152-23-020565.json","markdown":"https://secwatch.observer/filing/0001493152-23-020565.md","text":"https://secwatch.observer/filing/0001493152-23-020565.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223020565/0001493152-23-020565-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223020565/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T04:50:09.012595+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26bba5c6098a8220f6e1ef0ae28cbfcc7822457e","claim":"Ocean Power Technologies, Inc. terminated AGP Agreement with A.G.P/Alliance Global Partners (effective 2023-06-02).","evidence_excerpt":"Effective June 2, 2023, Ocean Power Technologies, Inc. (the “Company”) terminated its At the Market Offering Agreement with A.G.P/Alliance Global Partners (“AGP”) dated November 20, 2020 (the “AGP Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223020565/0001493152-23-020565-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"A.G.P/Alliance Global Partners"},{"label":"Effective","value":"2023-06-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}