secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001493152-24-043357
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPT completes Project Overmatch milestone; delivers WAM-Vs to Latin America, secures follow-on order
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- Second set of Project Overmatch exercises completed for NIWC Pacific; WAM-Vs deployed; revenue recognized.
- Delivered WAM-V 16 and WAM-V 22 to Latin American survey customers; revenue recognized on integrated systems.
- Follow-on order for WAM-V 8 secured from a Latin American customer, driving growth in region.
- Stock purchase agreement amendment extends expiration to Dec 31, 2024 or when shares fully purchased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315224043357/0001493152-24-043357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315224043357/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-043357

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