OPTT news

Ocean Power Technologies filed an 8-K including a consent form from its legal counsel. The agreement follows previous statements made by the company.

Ocean Power Technologies and a Series C-1 note holder agreed to exchange outstanding Senior Convertible Notes for new Series D Senior Convertible Notes. The transaction utilizes a Section 3(a)(9) exemption from registration and may be applied to other outstanding notes held by other investors.

CEO Dr. Philipp Stratmann stepped down; Tracy Pagliara was named Acting CEO while Jason Weed was appointed COO to strengthen commercial execution and operational accountability.

Ocean Power Technologies 8-K highlights a reverse stock split to be completed September 11, 2026. This corporate action typically increases the share price to comply with exchange listing requirements. The split ratio is 1-for-30 with shares rounded up. Any fractional shares are combined and not iss…

Ocean Power Technologies corrected its FY2026 preliminary financial results after audit procedures, reducing revenue and loss figures, while warning of a significant FY2025 net loss increase.

Ocean Power Technologies filed the required 2026 Form 10-K and cured the filing delinquency on August 19, 2026, meeting the NYSE American's continued listing standards under the timely filing criteria.

Ocean Power Technologies has secured a two-year IDIQ contract for ocean-floor mapping using unmanned vehicles across the Indian and Pacific Oceans. This win advances OPT's Robotics as a Service strategy and validates its ability to transition commercial maritime tech for defense applications.

Ocean Power Technologies received counsel opinion regarding the validity of up to $20 million in shares to be issued via an At The Market offering agreement.

Ocean Power Technologies Inc. executed an asset purchase agreement with Columbia Power Technologies to acquire certain assets. The filing details the terms of this merger and acquisition process.

Ocean Power Technologies amended its certificate to change the designation to Series A Junior Participating Preferred Stock and authorize 700,000 shares. This corporate action adjusts the capital structure without announcing fundraising or operational restructuring.

Ocean Power Technologies reported successful field performance of its MERROWS-equipped PowerBuoy system supporting U.S. Coast Guard maritime domain awareness off San Diego, validating technology maturity and operational scalability. The company is also expanding its defense business, hiring a new U.…

OPT increased PowerBuoy deployments from one to five concurrent U.S. systems across Department of Homeland Security, Navy, and research institutions, while expanding international presence with WAM-V autonomous vehicles in UAE, Taiwan, and other regions. The expansion demonstrates growing demand for…