Ocean Power Technologies, Inc. (OPTT): debt financing — Ocean Power Technologies issues additional $6.5M in convertible notes

Ocean Power Technologies, Inc.

On Oct 7, 2025, issued $6.5M in additional Series B Convertible Notes under existing Securities Purchase Agreement.
Total principal issued to date under the $25M facility is $16.5M ($10M in May + $6.5M).
Notes are convertible into common stock (OPTT) at terms described in the earlier agreement.
Notes sold in a takedown from effective shelf registration statement (File No. 333-275843).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Ocean Power Technologies, Inc. incurred convertible notes of $6,500,000 of additional Notes with certain institutional investors.

Instrument: convertible notes
Principal: $6,500,000 of additional Notes
Counterparty: certain institutional investors
Event: incurrence

Exact text from the filing

On October 7, 2025, the Company issued and sold to the Investors $6,500,000 of additional Notes.

View on SEC.gov

304 debt financings filed in the last 30 days. Browse all debt financings →

Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-017184

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