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”)

View on SEC.gov

745 material agreements filed in the last 30 days. Browse all material agreements →

Ocean Power Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-027653

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.