secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2025-10-07T23:59:59+00:00
Accession:  0001493152-25-017184
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ocean Power Technologies issues additional $6.5M in convertible notes
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225017184/0001493152-25-017184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315225017184/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-017184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer