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Ocean Power Technologies, Inc.
Ocean Power Technologies (OPTT) will hold a special meeting of stockholders on November 24, 2026, to vote on the issuance of common stock exceeding 20% related to Series D convertible note exchange agreements and to authorize a reverse stock split at a ratio of up to 6.6 to 1. These proposals are intended to comply with NYSE American listing rules and restructure the company's capital.…more
Ocean Power Technologies, Inc.
The registration statement (Form S-3) filed by Ocean Power Technologies, Inc. was declared effective by the SEC on October 14, 2026. This effectiveness allows the company to proceed with the issuance or sale of the registered securities.…more
Ocean Power Technologies, Inc.
Ocean Power Technologies has registered the resale of 366,162 shares of common stock issued as consideration for an acquisition in June 2026. The company effected a 1-for-30 reverse stock split on September 14, 2026, and continues to face substantial doubt regarding its ability to continue as a going concern due to recurring operating losses and limited liquidity.…more
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Ocean Power Technologies' PowerBuoy Mini Selected for U.S. Government Operational Evaluation…more
Ocean Power Technologies' PowerBuoy Mini has been selected for an upcoming U.S. government operational evaluation. The company noted that this selection does not constitute a contract or procurement decision and does not guarantee future business opportunities.…more
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Ocean Power Technologies has received an order for its WAM-V 8 maritime drone from the Naval Postgraduate School. The financial terms were not disclosed, but the deal expands the existing research partnership between the two organizations.…more
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Ocean Power Technologies has received an order from the Naval Postgraduate School for a WAM-V 8 unmanned surface vessel to support littoral sensing and autonomous systems research. While this expands an existing partnership, the lack of disclosed financial terms limits the immediate impact on the company's valuation.…more
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