secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-06-29T13:07:16+00:00
Accession:  0001493152-26-030434
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPTT extends NOL protective poison pill through June 2029; preferred shares increased to 700,000
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- Board amended Section 382 Tax Benefits Preservation Plan, extending expiration from June 29, 2026 to June 29, 2029.
- Series A Preferred designated shares increased from 100,000 to 700,000 to support the plan.
- Plan continues to deter any person from acquiring 4.99% or more of OPTT common stock without board approval.
- No existing 4.99% holders identified as of the filing date.
- Company intends to seek stockholder ratification of the amendment at the 2026 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226030434/0001493152-26-030434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226030434/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-030434

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