---
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"
generated_at: "2026-06-12T03:57:10.358705+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Ocean Power Technologies enters ATM equity sales agreement with Cantor Fitzgerald

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027012
- JSON: https://secwatch.observer/filing/0001493152-23-027012.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027012.txt

## Key facts
- Material Agreements
  Ocean Power Technologies, Inc. entered into Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. (effective 2023-08-07).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Cantor Fitzgerald & Co.
  - Effective: 2023-08-07
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315223027012/0001493152-23-027012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.