---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-022761"
form_type: "8-K"
ticker: "OPTT"
cik: "0001378140"
company_name: "Ocean Power Technologies, Inc."
filed_at: "2025-08-08T23:59:59+00:00"
generated_at: "2026-05-17T16:13:12.311886+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OPTT signs $40M ATM equity facility with Ladenburg; terminates prior AGP agreement

## Summary
- Entered into ATM sales agreement for up to $40M of common stock with Ladenburg Thalmann.
- Commission of 3% of gross proceeds; sales will be at-the-market or in negotiated transactions.
- Terminated prior ATM agreement with A.G.P./Alliance Global Partners under which ~$18M was sold.
- New agreement effective August 8, 2025; no penalties for termination of prior agreement.
- Shares issued under effective S-3 shelf; prospectus supplement filed same day.

## SEC filing metadata
- accession: 0001641172-25-022761
- form_type: 8-K
- ticker: OPTT
- cik: 0001378140
- company_name: Ocean Power Technologies, Inc.
- filed_at: 2025-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378140/000164117225022761/0001641172-25-022761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378140/000164117225022761/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-022761
- JSON: https://secwatch.observer/filing/0001641172-25-022761.json
- Plain text: https://secwatch.observer/filing/0001641172-25-022761.txt

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