---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-034425"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2026-07-23T20:56:00+00:00"
generated_at: "2026-07-23T20:57:11.094469+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OPT acquires subsea IP for 10.98M shares; FY26 revenue $4.1M, backlog up 58% to $19.8M

## Summary
- Acquired subsea IP from Columbia Power Technologies for 10,984,848 shares valued at $2.9M based on trailing 30-day VWAP.
- FY26 revenue $4.1M; record backlog $19.8M (+58% YoY); sales pipeline $142.3M.
- Secured largest contract in history: ~$6.5M multi-PowerBuoy program with U.S. Coast Guard.
- Appointed Rear Admiral Joseph DiGuardo as Acting Chairman; Terence Cryan retired after 14 years.
- Cash and short-term investments $8.7M at April 30, 2026; terminated ATM sales agreement with Ladenburg Thalmann.

## SEC filing metadata
- accession: 0001493152-26-034425
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2026-07-23T20:56:00+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315226034425/0001493152-26-034425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315226034425/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-034425
- JSON: https://secwatch.observer/filing/0001493152-26-034425.json
- Plain text: https://secwatch.observer/filing/0001493152-26-034425.txt

## Key facts
- Executive change
  Joseph A. DiGuardo Jr. was appointed as Acting Chairman at Ocean Power Technologies, Inc..
  - Action: appointed
  - Role: Acting Chairman
  source text: On July 21, 2026, the Company appointed Rear Admiral Joseph A. “Digger” DiGuardo Jr. to the Board of Directors as Acting Chairman, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315226034425/0001493152-26-034425-index.htm
- Executive change
  Terence J. Cryan retired as Chairman of the Board at Ocean Power Technologies, Inc..
  - Action: retired
  - Role: Chairman of the Board
  source text: On July 20, 2026, Terence J. Cryan notified the Company’s Board of Directors of his decision to retire from the Company’s Board of Directors, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378140/000149315226034425/0001493152-26-034425-index.htm

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