{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-017184","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.260631+00:00","generated_at":"2026-05-17T04:25:02.847262+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ocean Power Technologies issues additional $6.5M in convertible notes","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-017184","json":"https://secwatch.observer/filing/0001493152-25-017184.json","markdown":"https://secwatch.observer/filing/0001493152-25-017184.md","text":"https://secwatch.observer/filing/0001493152-25-017184.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315225017184/0001493152-25-017184-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315225017184/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:25:02.847262+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":"00e9578b80050e61d2f53440be83f402fd91bf32","claim":"Ocean Power Technologies, Inc. incurred convertible notes of $6,500,000 of additional Notes with certain institutional investors.","evidence_excerpt":"On October 7, 2025, the Company issued and sold to the Investors $6,500,000 of additional Notes.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315225017184/0001493152-25-017184-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$6,500,000 of additional Notes"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}