{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-027653","form_type":"8-K","ticker":"OPTT","cik":"0001378140","company_name":"Ocean Power Technologies, Inc.","filed_at":"2026-06-08T13:02:52+00:00","discovered_at":"2026-06-08T13:04:00.247145+00:00","generated_at":"2026-06-08T13:04:49.746316+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Ocean Power Technologies prices $10M registered direct offering of 25M units at $0.40","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-027653","json":"https://secwatch.observer/filing/0001493152-26-027653.json","markdown":"https://secwatch.observer/filing/0001493152-26-027653.md","text":"https://secwatch.observer/filing/0001493152-26-027653.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/0001493152-26-027653-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T13:04:49.746316+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":"501936a42169eff30207f15121ff57e47c257ac6","claim":"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).","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/0001493152-26-027653-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"those institutional accredited investors identified on the signature page thereto"},{"label":"Value","value":"$10.0 million"},{"label":"Effective","value":"2026-06-04"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}