---
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"
generated_at: "2026-06-08T13:04:49.746316+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-027653
- JSON: https://secwatch.observer/filing/0001493152-26-027653.json
- Plain text: https://secwatch.observer/filing/0001493152-26-027653.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/0001493152-26-027653-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.