Here are the S-1 registration statements from Ocean Power Technologies, Inc. (OPTT) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, 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) is offering up to 9,375,000 shares of common stock, each paired with a warrant to purchase one share; the prospectus also covers up to 9,375,000 shares issuable upon warrant exercise. The assumed combined price is $0.64 per share and warrant. If all offered securities are sold, stated gross proceeds are $6,000,000, placement-agent fees are $360,000, and proceeds to the company before expenses are $5,640,000.
This is a best-efforts offering with no minimum closing amount, and the company may sell fewer securities. Warrants are exercisable on or after the initial exercise date and expire five years from that date; exercise is subject to a 4.99% beneficial-ownership cap, or 9.99% if elected before issuance. The company intends to use net proceeds for working capital and general corporate purposes; holders of its Series D Senior Convertible Notes may require up to 30% of net proceeds to repay those notes.
The company estimates immediate dilution of $0.4563 per share for new investors at the assumed offering price. It also states that recurring operating losses, negative cash flows, limited liquidity and an unwaived event of default under convertible notes raise substantial doubt about its ability to continue as a going concern.
Ocean Power Technologies, Inc. registered 366,162 shares of common stock for resale by Columbia Power Technologies, Inc.; the shares were issued as consideration in an asset acquisition. Ocean Power Technologies will not receive proceeds from the selling stockholder’s sales. The company will bear other costs of the registration, offer and sale, while the selling stockholder pays underwriting fees, discounts, commissions and certain of its out-of-pocket expenses.
The acquired portfolio includes intellectual property and engineering work, including a subsea power capability designed to enable persistent underwater operations. On September 14, 2026, the company effected a 1-for-30 reverse stock split, and prospectus figures were retrospectively adjusted for it. The company states that recurring operating losses, negative cash flows, limited liquidity and an unwaived event of default under its convertible notes raise substantial doubt about its ability to continue as a going concern.
Ocean Power Technologies, Inc. (OPTT) has filed a Form S-1 for a primary offering of common stock paired with common warrants, with the option for certain investors to purchase pre-funded warrants instead of common shares, in a best efforts transaction with no minimum amount required to close.
The company’s common stock trades on NYSE American under “OPTT” and had 270,138,823 shares outstanding as of September 1, 2026, out of 400,000,000 authorized. Additional overhang includes stock options, restricted and performance stock units, and 25,000,000 shares issuable upon exercise of outstanding warrants, all of which may add further dilution over time.
Net proceeds are expected to be used primarily for working capital and general corporate purposes, and up to 30% of the net proceeds from this and other capital raises may, at the option of the holders, be applied to repay outstanding Series C-1 Senior Convertible Notes bearing 4.5% interest and maturing October 1, 2027. The company’s most recent audited financial statements carry an auditor’s explanatory paragraph highlighting substantial doubt about its ability to continue as a going concern.
Ocean Power Technologies, Inc. (OPTT) has filed a resale registration for 10,984,848 shares of common stock, all held by a selling stockholder that received these shares as stock consideration in an asset acquisition in June 2026. OPTT will not receive any proceeds from the sale of these shares.
The registered shares were issued to Columbia Power Technologies, Inc. under a July 22, 2026 asset purchase agreement, and represent about 4.0% of OPTT’s 270,138,823 shares outstanding as of August 20, 2026. The selling stockholder may sell from time to time in public or private transactions at market or negotiated prices.
OPTT is a Maritime Domain Awareness company providing intelligent maritime solutions such as PowerBuoy®, WAM-V® autonomous vessels and the Merrows™ command-and-control system, with a model focused on recurring service revenues. The company highlights significant business and financial risks, including a history of operating losses, going-concern uncertainty and dependence on additional funding, and has adopted a Section 382 tax benefits preservation plan with a 4.99% ownership trigger to protect net operating loss carryforwards.