---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-038739"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2026-08-17T20:05:37+00:00"
generated_at: "2026-08-17T20:08:05.952793+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ocean Power Technologies initiates strategic alternatives review; retains Bowen, Inc. as advisor

## Summary
- Board initiated review of strategic alternatives to maximize stockholder value; no definitive course approved.
- Retained Bowen, Inc., an investment banking advisory firm, as financial advisor for the review.
- Considering full range of alternatives to accelerate growth, expand market access, and strengthen financial position.
- No timetable set; company will not comment until Board approves a course of action or process concludes.
- Acting Chairman Joseph Diguardo cites rising demand for maritime technologies as reason to evaluate opportunities.

## SEC filing metadata
- accession: 0001493152-26-038739
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2026-08-17T20:05:37+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000149315226038739/0001493152-26-038739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000149315226038739/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-038739
- JSON: https://secwatch.observer/filing/0001493152-26-038739.json
- Plain text: https://secwatch.observer/filing/0001493152-26-038739.txt

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