Ocean Power Tech SEC Filings

Ocean Power Technologies filed an 8-K stating it issued a press release announcing an AUVSI certification. The company attached the press release as Exhibit 99.1 and incorporated it by reference.

The filing identifies the issuer’s common stock under the symbol OPTT on the NYSE American and notes the announcement date as November 4, 2025.

Ocean Power Technologies, Inc. filed a 424B5 prospectus supplement describing offered convertible notes and related terms. The notes include a conversion price (the price then in effect) with limitations on conversion tied to a floor of 90% of the lowest applicable price and other NYSE American restrictions. Holders have specified redemption rights on bankruptcy, default and change of control events; change of control and company optional redemptions settle in cash at the greater of the equity value of the underlying common stock or the change‑of‑control consideration if converted immediately prior to the event. The supplement references use of proceeds and customary risk factors, including competitive product success, regulatory developments, patent disputes, key personnel changes, quarterly result variability and general market conditions. The document cites filings for the fiscal quarter ended July 31, 2025 and multiple Current Reports (File No. 001-33417) used to update the description.

Ocean Power Technologies insider Philipp Stratmann, who serves as President and CEO and a director, reported purchasing 3,989 shares of common stock on 09/17/2025 at a price of $0.495 per share. After the transaction he beneficially owns 517,714 shares. The Form 4 was signed on 09/18/2025.

Ocean Power Technologies, Inc. reported a quarter showing continued cash usage and financing activity while generating modest revenue. The company held approximately $10.0 million of cash and equivalents as of July 31, 2025 (compared with $6.9 million at April 30, 2025) and recognized total revenue of roughly $1.18 million for the three-month period. The company recorded a net loss of $7.388 million during the period and continues to consume cash in operations.

The filing discloses financing actions including net proceeds of $9.7 million from convertible notes and prior proceeds of about $17.7 million under an ATM facility (plus $0.3 million between reporting dates); the ATM agreement was later terminated. Significant items include $10.524 million of unrecognized compensation cost related to unvested RSUs, $8.5 million of goodwill from a 2021 acquisition, and concentrated customer exposure where large customers represent a high percentage of revenues. Lease obligations total future minimum payments of $1.702 million.