secwatch.observer — SEC 8-K summary
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Issuer:     Ocean Power Technologies, Inc. (OPTT)
CIK:        0001378140
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001641172-25-022761
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378140/000164117225022761/0001641172-25-022761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378140/000164117225022761/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022761

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