secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2026-09-11T10:07:40+00:00
Accession:  0001493152-26-042282
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 3.03, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226042282/0001493152-26-042282-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000149315226042282/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-042282

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