secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-06-08T13:02:52+00:00
Accession:  0001493152-26-027653
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/0001493152-26-027653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027653

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