Every 8-K that Ocean Power Technologies, Inc. (OPTT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow OPTT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OPTT filings page.
Ocean Power Technologies, Inc. (OPTT) announced a leadership transition and related executive agreements. Effective September 14, 2026, Dr. Philipp Stratmann stepped down as President, Chief Executive Officer and director, by mutual agreement, and his 2021 employment letter was terminated in connection with a severance arrangement.
Tracy Pagliara, previously Senior Vice President, General Counsel and Secretary, was appointed Acting President and Chief Executive Officer and director, and entered into a new employment agreement providing up to $400,000 base salary, incentive opportunities and 75,000 restricted stock units. Jason Weed was appointed Chief Operating Officer with a similar compensation framework and 50,000 restricted stock units. The Company states the new leadership structure is intended to enhance execution, backlog conversion and operational accountability while maintaining its maritime autonomy and Maritime Domain Awareness strategy.
Ocean Power Technologies, Inc. (OPTT) approved and implemented a 1-for-30 reverse stock split of its common stock. The split becomes effective at 5:00 p.m. Eastern Time on September 11, 2026, and the stock will begin trading on a split-adjusted basis on NYSE American on September 14, 2026, under new CUSIP 674870605.
Every 30 issued and outstanding common shares will be converted into one share, reducing issued and outstanding common shares from approximately 270.1 million to approximately 9.1 million, with no change to par value or authorized share count. Fractional entitlements will be rounded up to the next whole share, with no cash paid. Convertible securities, options, warrants, equity plan reserves, and the purchase price under the Section 382 Tax Benefits Preservation Plan are all proportionately adjusted so that economic and proportional ownership, including one preferred stock purchase right per common share, remain unchanged.
Ocean Power Technologies, Inc. (OPTT) reported revised audited results for the fiscal year ended April 30, 2026 and disclosed that its auditor’s opinion includes a going concern qualification. After additional audit work, revenue was reduced by $0.4 million to $3.7 million, while gross loss improved by $2.2 million to $5.9 million and operating loss decreased by $1.5 million.
Despite these refinements, net loss for fiscal 2026 increased by $5.2 million to $48.9 million, and the prior-year net loss was also increased by about $3.0 million due to the treatment of a financial instrument. The company emphasized the revisions stem solely from accounting treatment changes and do not affect cash, cash flows, or customer contract terms. At April 30, 2026, OPTT had $8.9 million in cash and cash equivalents, total assets of $39.9 million, total liabilities of $27.4 million, and shareholders’ equity of $12.5 million.
Ocean Power Technologies, Inc. (OPTT) reported that on August 14, 2026 it received a notice from NYSE Regulation that it was not in compliance with NYSE American continued listing standards because it did not file its Annual Report on Form 10-K for the year ended April 30, 2026 by the extended due date of August 13, 2026.
The company had an Initial Cure Period until February 13, 2027 to submit the Form 10-K, with a possible Additional Cure Period at the Exchange’s discretion, and its stock traded with a late filer “.LF” indicator. On August 19, 2026, Ocean Power Technologies filed the Form 10-K with the SEC, curing the filing delinquency and regaining compliance, and its common stock will no longer trade with the late filer indicator.
Ocean Power Technologies, Inc. announced that its Board of Directors has initiated a review of strategic alternatives aimed at maximizing value for stockholders. The Board engaged Bowen, Inc. as financial advisor to support this process.
The Board intends to evaluate a full range of potential alternatives that could accelerate the company’s growth, expand market access, and strengthen its financial position. Management states that day-to-day operations, customer commitments, and product support will continue without interruption during the review. There is no assurance that the review will result in any agreement or transaction, and no timetable has been set. The company does not plan to provide updates unless a definitive course of action is approved or further disclosure is deemed appropriate or legally required.
Ocean Power Technologies reported it has been selected as one of six potential awardees under a $40 million multiple-award, indefinite-delivery/indefinite-quantity contract supporting the U.S. Naval Oceanographic Office. The firm-fixed-price contract covers high-resolution ocean-floor mapping using long-endurance unmanned surface vehicles across the Indian and Pacific Oceans.
The ordering period is anticipated to run for two years from August 2026 through July 2028, with individual task orders competed among all contract holders and the $40 million representing the aggregate ceiling across all awardees. Ocean Power Technologies states that this participation provides a pathway to compete for NAVOCEANO task orders and aligns with its Robotics as a Service strategy and its WAM-V and PowerBuoy product lines supporting maritime and ocean-mapping missions.
Ocean Power Technologies, Inc. entered into an at the market offering agreement with H.C. Wainwright & Co., LLC, allowing the company to offer and sell shares of its common stock, par value $0.001 per share, with an aggregate offering price of up to $20,000,000 from time to time through Wainwright as sales agent.
Sales may be made on NYSE American or other U.S. trading markets in transactions deemed to be an at the market offering or other permitted methods. Wainwright will use commercially reasonable efforts to sell shares per the company's instructions and will receive a commission of 3.00% of aggregate gross proceeds, plus up to $50,000 of specified expenses. The company is not obligated to sell any shares, and the agreement may be terminated by either party. The shares are registered under a Form S-3 shelf (File No. 333-275843) declared effective on December 12, 2023, and are covered by a prospectus supplement dated July 27, 2026.
Ocean Power Technologies, Inc. acquired subsea intellectual property and developmental technology assets from Columbia Power Technologies, issuing 10,984,848 shares of common stock valued at $2.9 million based on a trailing 30‑day VWAP. The asset deal effective July 22, 2026 adds subsea power capability intended to extend the company’s operational infrastructure from the ocean surface to the seabed.
For the fiscal year ended April 30, 2026, revenue was $4.1 million versus $5.9 million a year earlier, with a gross loss of $8.1 million and an operating loss of $41.0 million. Net loss was $44.8 million compared with $21.5 million in fiscal 2025, and unrestricted cash, cash equivalents and short‑term investments totaled $8.7 million at year-end. Backlog reached a record $19.8 million, up 58% year over year, supported by an approximately $6.5 million multi‑PowerBuoy® U.S. Coast Guard contract and a sales pipeline of $142.3 million.
The company terminated its at‑the‑market equity sales agreement with Ladenburg Thalmann without penalties and reported $9.2 million of convertible notes payable and a $1.2 million derivative liability. Governance changes include appointing Rear Admiral Joseph A. “Digger” DiGuardo Jr. as Acting Chairman of the Board and the retirement of long‑time Chairman Terence J. Cryan.
Ocean Power Technologies, Inc. amended and restated its Section 382 Tax Benefits Preservation Plan to extend its expiration from the close of business on June 29, 2026 to the close of business on June 29, 2029. The plan is designed to help preserve the company’s net operating loss carryforwards and other tax attributes by discouraging investors from becoming “Acquiring Persons” through owning 4.99% or more of the outstanding common stock without Board approval.
Each right, if triggered, allows the holder to buy one one-thousandth of a share of Series A Participating Preferred Stock (a Unit) at a $2.25 purchase price per Unit, reduced from $4 in the original plan. The Board also approved an Amended and Restated Series A Certificate of Designations increasing designated Series A Participating Preferred Stock from 100,000 shares to 700,000 shares, aligning the preferred stock terms with the extended tax benefits plan.
Ocean Power Technologies, Inc. reported successful field performance from a MERROWS™-equipped PowerBuoy® system deployed for the U.S. Coast Guard off San Diego. The buoy has generated close to 0.5 MWh of renewable energy and maintained reliable operations, supporting maritime domain awareness for defense and security uses.
The company also granted 65,000 restricted stock units as a material inducement to hire Rob O’Malley as U.S. Defense Senior Director of Business Development. These RSUs vest over nine months based on continued employment and performance targets, aligning his incentives with execution of U.S. defense-focused sales initiatives.
Ocean Power Technologies, Inc. entered into securities purchase agreements with institutional investors for a registered direct offering of 25,000,000 shares of common stock together with common warrants to buy up to 25,000,000 additional shares. The combined price per share and warrant is $0.40, implying expected gross proceeds of about $10.0 million.
The common warrants become exercisable six months after issuance, carry a $0.40 exercise price, and expire six years after first exercise. Warrant terms include protections in the event of a Fundamental Transaction and a 9.99% ownership cap per holder. The company plans to use net proceeds for working capital and general corporate purposes, with Ladenburg Thalmann acting as exclusive placement agent.
Ocean Power Technologies, Inc. is expanding its global deployment footprint for its marine power and autonomy solutions across U.S. government, international, and research customers. In the United States, the company has increased its PowerBuoy® deployments from a single research-focused system to five concurrent deployments.
These U.S. deployments include three systems supporting U.S. Department of Homeland Security activities, one system supporting Department of War research for the U.S. Navy, and one system for a U.S.-based research institution. Internationally, the company has three WAM-V® autonomous surface vehicles and one PowerBuoy deployed in the United Arab Emirates, plus additional WAM-V deployments in Taiwan and other regions.
Ocean Power Technologies, Inc. filed a report highlighting technology progress and a key government deployment. The company has demonstrated autonomous docking, charging, and redeployment of its WAM-V maritime drone and is advancing integration of this capability with its PowerBuoy platform to create offshore charging points.
The report also notes the active deployment of three PowerBuoy systems supporting U.S. Department of Homeland Security maritime surveillance operations, with all units streaming real-time offshore data, including one operating in water depths exceeding 1,000 meters. These systems form a distributed offshore network, integrated with Anduril’s Lattice command and control platform and equipped with AI-driven Merrows software to support persistent maritime domain awareness missions.
Ocean Power Technologies, Inc. entered into a securities purchase agreement with institutional investors to issue and sell $10,000,000 in senior convertible notes. These Notes convert into common stock at $0.40 per share, subject to a 4.99% Beneficial Ownership Cap per holder.
The Notes bear 4.5% annual interest, rising to 13% if an event of default occurs, and mature 18 months after issuance at a 13% premium to face value. They amortize with quarterly cash payments starting on the closing date and rank senior to unsecured debt, subject to certain exceptions.
The Notes and the shares issuable upon conversion are being offered via a prospectus supplement as a takedown from the Company’s effective Form S-3 shelf registration statement.
Ocean Power Technologies, Inc. filed a current report describing the shipment of its first PowerBuoy® system under a previously announced $6 contract with the U.S. Department of Homeland Security. The system will support U.S. Coast Guard maritime domain awareness and marks a transition from development to operational deployment.
The shipped PowerBuoy, together with additional units under the contract, is planned for deployment off the coast of California to provide persistent, autonomous offshore surveillance. Integration with Anduril’s systems is advancing in parallel, and the network is expected to begin supporting DHS coastal and offshore monitoring once final site preparations and readiness procedures are complete.
Ocean Power Technologies released preliminary results for its fiscal Q3 ended January 31, 2026 and highlighted strong order momentum in maritime defense. Backlog reached about $19.9 million, up $12.4 million or 165% from the prior-year period, while its sales pipeline grew to $163.9 million, an 84% increase from $89.2 million at October 31, 2025.
The company secured a multi-buoy contract of roughly $6.5 million from the U.S. Department of Homeland Security to support a U.S. Coast Guard mission near San Diego, with deliveries of four MERROWS-equipped PowerBuoy systems beginning in fiscal Q4 2026. Despite this commercial progress, Q3 revenue is estimated at only $0.4–$0.6 million, down from $0.8 million a year earlier, and the anticipated net loss widened to about $11.3–$11.5 million versus $6.7 million in the prior-year quarter.
Cash used in operating activities for the quarter is expected to be under $20.0 million, compared with $14.6 million a year ago, reflecting continued investment and operating losses. Management also reported progress on global deployments, including shipping a WAM-V autonomous surface vehicle to Greece and advancing an autonomous docking and charging solution toward a targeted calendar 2026 early-access commercial launch, supporting its strategy to build a scalable maritime autonomy infrastructure.
Ocean Power Technologies filed a current report describing a press release about global security tensions and the role of its autonomous maritime systems. The company highlights how instability in the Middle East has put more attention on protecting shipping lanes and offshore energy infrastructure.
OPT states that its regional partners and team members in the Middle East are safe and that operations and customer support continue without disruption. The release emphasizes its autonomous platforms, including PowerBuoy and WAM-V vessels, which are designed for long-duration unmanned monitoring, communications, and infrastructure protection in challenging environments.
The company notes continued engagement with U.S. and allied defense, security, and energy stakeholders to advance autonomous offshore capabilities, and includes standard forward-looking statement language referencing potential risks and uncertainties related to adoption and performance of its systems.
Ocean Power Technologies, Inc. reported new operational milestones and a fresh government contract. The company shipped a WAM-V® autonomous surface vehicle to Greece, expanding its international deployments, and advanced its offshore docking and charging program from prototype to full-scale build toward a planned 2026 early access launch.
OPT also highlighted progress in autonomous navigation through its collaboration with Mythos AI. Separately, the company received an approximately $1.5 million U.S. Coast Guard order to install and deploy previously ordered buoy systems, which is expected to contribute to near-term revenue once the systems are fielded and enter active service.
Ocean Power Technologies, Inc. reported actions from its January 27, 2026 Board meeting and 2025 Annual Meeting of Stockholders. The Board amended the Employment Inducement Incentive Award Plan to increase the common shares available for equity awards from 990,000 to 1,990,000, for use only with qualifying new hires under NYSE American rules.
Stockholders approved amendments to the Amended & Restated 2015 Omnibus Incentive Plan, raising the share pool from 27,282,036 to 32,282,036 and updating grant limits and tax withholding features so withheld shares can again be issued. They also approved a Charter Amendment increasing authorized common stock from 300,000,000 to 400,000,000.
All five director nominees were elected, Baker Tilly US, LLP was ratified as auditor for the fiscal year ending April 30, 2026, and executive compensation received advisory approval. Related charter and plan amendments were filed as exhibits.
Ocean Power Technologies, Inc. reported that its Chief Executive Officer, Philipp Stratmann, participated in a podcast interview with Water Tower Research, LLC on January 8, 2026. The company is making the full transcript of this discussion available to the public as an exhibit.
The transcript is furnished as Exhibit 99.1 and provides additional commentary from the CEO but is not treated as filed information under securities laws. This update is primarily informational and does not include new financial results or details on major transactions.
Ocean Power Technologies disclosed that it issued a press release on January 6, 2026 announcing a new multi-buoy contract for a project supporting the U.S. Department of Homeland Security. The contract involves deploying multiple buoys, aligning with the company’s focus on ocean-based power and monitoring solutions.
The announcement highlights continued traction with U.S. government agencies, as the project is described as supporting Homeland Security activities. While the report does not provide financial terms or duration, it signals ongoing commercial engagement in governmental maritime security projects.
Ocean Power Technologies, Inc. reported that it issued a press release announcing financial results for its fiscal second quarter ended October 31, 2025. The press release, dated December 15, 2025, outlines the companys results of operations and financial condition for that period.
The earnings press release is included as Exhibit 99.1 and is designated as furnished rather than filed under securities laws, which affects how it may be used in certain legal contexts.
Ocean Power Technologies (OPTT) filed a Form 8-K stating it issued a press release announcing a partnership with Mythos AI. The company reported the announcement on November 12, 2025, and attached the press release as Exhibit 99.1, incorporating it by reference.
OPTT’s common stock trades on the NYSE American under the symbol OPTT. The filing lists Series A Preferred Stock Purchase Rights on the NYSE American as well.
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. entered into a securities purchase agreement on May 15, 2025 allowing it to issue convertible notes for up to an aggregate principal amount of $25,000,000 to certain institutional investors. The notes are convertible into shares of the company’s common stock.
On that same date, the company issued and sold notes with an original aggregate principal amount of $10,000,000. On October 7, 2025, it issued and sold an additional $6,500,000 of notes to the same investors, raising more capital through this structure.
The additional notes and the common stock issuable upon conversion are being offered pursuant to a prospectus supplement related to a shelf registration statement on Form S-3 that was declared effective on December 12, 2023. An opinion of counsel on the validity of the securities is included as an exhibit, along with the securities purchase agreement and the form of the Series B convertible note incorporated by reference.
Ocean Power Technologies, Inc. filed a current report to share two recent announcements. The company issued a press release with its financial results for the fiscal first quarter ended July 31, 2025, which is furnished as Exhibit 99.1 and not treated as filed under securities laws. On the same date, the company also announced a new U.S. strategic partnership in a separate press release, furnished as Exhibit 99.2. Together, these items update investors on recent operating performance and a new strategic relationship without changing the company’s existing reporting obligations.
Ocean Power Technologies, Inc. reported that on September 2, 2025 it issued a press release announcing a shipment of its products to the United Arab Emirates. The company furnished this update as an other event and attached the full press release as Exhibit 99.1 to this report.
Ocean Power Technologies, Inc. filed a current report to inform investors that it issued a press release about its business growth in the United Arab Emirates. The company explains that the press release, dated August 26, 2025, provides additional details on this expansion and is included as an exhibit to the report. This shows the company is actively communicating its international business developments, particularly in the UAE market.
Ocean Power Technologies, Inc. filed a current report describing three recent company announcements. On August 14, 2025, management provided testimony before the New Jersey Legislature, and the company issued a press release about this appearance.
On August 18, 2025, the company announced the opening of a new office in Washington, D.C., reflecting an expansion of its physical presence. On August 19, 2025, it issued another press release about an upgrade to one of its products. Copies of all three press releases are included as exhibits to the report.
Ocean Power Technologies entered an at-the-market sales agreement with Ladenburg Thalmann to offer up to $40,000,000 of common stock. Ladenburg will act as sales agent, executing sales consistent with the companys instructions and market conditions and receiving a 3.00% commission on gross proceeds; it is not obligated to buy shares as principal. Shares will be issued under the companys effective Form S-3 shelf registration and a prospectus supplement was filed in connection with the program.
The company terminated its prior ATM agreement with A.G.P./Alliance Global Partners; under that prior program it sold approximately $18 million of common stock and the termination carried no penalties. The arrangement provides a flexible mechanism to raise capital, while actual proceeds will depend on market conditions and the companys capital needs.