{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-027012","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.742344+00:00","generated_at":"2026-06-12T03:57:10.358705+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Ocean Power Technologies enters ATM equity sales agreement with Cantor Fitzgerald","bullets":["August 7, 2023: Agreement with Cantor Fitzgerald for at-the-market offering of common stock.","Cantor receives 3.0% commission on gross proceeds; Company also reimburses certain expenses.","Company not obligated to sell any shares; agreement terminable by either party.","Shares may be sold via negotiated transactions or other lawful methods with Company consent."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-027012","json":"https://secwatch.observer/filing/0001493152-23-027012.json","markdown":"https://secwatch.observer/filing/0001493152-23-027012.md","text":"https://secwatch.observer/filing/0001493152-23-027012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223027012/0001493152-23-027012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223027012/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:57:10.358705+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":"e10def42445c5e4cdc0698c47ac2d7490840e396","claim":"Ocean Power Technologies, Inc. entered into Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. (effective 2023-08-07).","evidence_excerpt":"On August 7, 2023, Ocean Power Technologies, Inc. (the “Company”) entered into a Controlled Equity Offering Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”), as sales agent, pursuant to which the Company may offer and sell, from time to time, through Cantor shares of its common stock, par value $0.001 per share (the “Shares”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315223027012/0001493152-23-027012-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"Cantor Fitzgerald & Co."},{"label":"Effective","value":"2023-08-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}