{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-007548","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2024-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.999460+00:00","generated_at":"2026-06-05T18:49:23.572145+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"OPTT extends HQ lease to Apr 2026; rent rises to $895K then $931K","bullets":["Lease term extended 18 months through April 30, 2026, from prior Oct 31, 2024.","Annual rent increases to $895,328 effective Nov 1, 2024, then to $931,141 on Nov 1, 2025.","Tenant's option to extend for First Extension Term is voided; extension was negotiated.","Premises accepted as-is; no landlord work required."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-007548","json":"https://secwatch.observer/filing/0001493152-24-007548.json","markdown":"https://secwatch.observer/filing/0001493152-24-007548.md","text":"https://secwatch.observer/filing/0001493152-24-007548.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224007548/0001493152-24-007548-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224007548/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T18:49:23.572145+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":"59d2594a7e529f9616e8ea7028a13ae69bf6f9d9","claim":"Ocean Power Technologies, Inc. amended Amendment with PPF Industrial 28 Engelhard, LLC (effective 2024-02-22).","evidence_excerpt":"On February 22, 2024, and effective February 8, 2024, Ocean Power Technologies, Inc. (the “Company”) entered into an amendment (the “Amendment”) to its Industrial Lease Agreement with PPF Industrial 28 Engelhard, LLC dated March 31, 2017 (the “Lease”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224007548/0001493152-24-007548-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"PPF Industrial 28 Engelhard, LLC"},{"label":"Effective","value":"2024-02-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}