---
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"
generated_at: "2026-06-04T09:43:35.390877+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ocean Power Technologies enters $7M at-the-market equity offering with A.G.P./Alliance Global Partners

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010814
- JSON: https://secwatch.observer/filing/0001493152-24-010814.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010814.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: atm program
  - Counterparty: A.G.P./Alliance Global Partners
  - Value: up to $7,000,000
  - Effective: 2024-03-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315224010814/0001493152-24-010814-index.htm

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