{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010814","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.000177+00:00","generated_at":"2026-06-04T09:43:35.390877+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Ocean Power Technologies enters $7M at-the-market equity offering with A.G.P./Alliance Global Partners","bullets":["May sell up to $7M of common stock through A.G.P. as sales agent in ATM offering.","A.G.P. receives 3.00% commission on gross proceeds; offering effective March 21, 2024.","Shares issued under existing shelf registration statement (333-275843) effective Dec 12, 2023.","Proceeds for general corporate purposes and capital needs; no obligation to sell shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010814","json":"https://secwatch.observer/filing/0001493152-24-010814.json","markdown":"https://secwatch.observer/filing/0001493152-24-010814.md","text":"https://secwatch.observer/filing/0001493152-24-010814.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224010814/0001493152-24-010814-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224010814/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:43:35.390877+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":"799eaab56aca5fee72d2620fa2e063a71f225a5f","claim":"Ocean Power Technologies, Inc. entered into Sales Agreement with A.G.P./Alliance Global Partners valued at up to $7,000,000 (effective 2024-03-21).","evidence_excerpt":"On March 21, 2024, Ocean Power Technologies, Inc. (the “Company”) entered into a sales agreement with A.G.P./Alliance Global Partners (“A.G.P.”), pursuant to which the Company may offer and sell shares of its common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price of up to $7,000,000 (the “Shares”), to or through A.G.P., as sales agent (the “Sales Agreement”), from time to time, in an “at the market offering”","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315224010814/0001493152-24-010814-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"A.G.P./Alliance Global Partners"},{"label":"Value","value":"up to $7,000,000"},{"label":"Effective","value":"2024-03-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}