Ocean Power Technologies prices $10M registered direct offering of 25M units at $0.40

Ocean Power Technologies, Inc.

Sells 25M shares plus 25M common warrants at $0.40 per unit to institutional investors.
Gross proceeds of $10M expected; closing on or about June 8, 2026.
Net proceeds to be used for working capital and general corporate purposes.
Ladenburg Thalmann acts as exclusive placement agent with 6.0% cash fee.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ocean Power Technologies, Inc. entered into Securities Purchase Agreement with those institutional accredited investors identified on the signature page thereto valued at $10.0 million (effective 2026-06-04).

Action: entry
Agreement: equity purchase
Counterparty: those institutional accredited investors identified on the signature page thereto
Value: $10.0 million
Effective: 2026-06-04

Exact text from the filing

On June 4, 2026, Ocean Power Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with those institutional accredited investors identified on the signature page thereto (the “Purchasers”)

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Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-027653

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