Ocean Power Technologies announces 1-for-30 reverse stock split effective Sept 11, 2026

Ocean Power Technologies, Inc.

Stockholders approved reverse split; board set ratio at 1-for-30, effective 5:00 p.m. ET Sept 11, 2026.
Share count reduces from ~270.1M to ~9.1M; no fractional shares - odd shares rounded up to next whole share.
Common stock begins trading split-adjusted on NYSE American Sept 14, 2026; new CUSIP 674870605.
Vote: 85,632,215 for, 40,675,726 against, 790,545 abstain; no broker non-votes.
Adjusts preferred stock purchase rights price from $2.25 to $67.50 per 1/1000th share under Section 382 Plan.

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