Common Stock, $0.001 Par Value
- Symbol
- OPTT
- Exchange
- NYSEAMER
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01, 9.01 · 8-K
Ocean Power Technologies, Inc.
OPTTNYSE_AMERICANEQUITYCurrent
Other Events
Item 8.01 Other Events. On August 17, 2026, Ocean Power Technologies, Inc. issued a press release announcing that it initiated a strategic investment review. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
Press release in this filing
Ocean Power Technologies Initiates Review of Strategic Alternatives →Company context
We are a Maritime Domain Awareness (MDA) company specializing in innovative intelligent maritime solutions. These solutions include a variety of “as a service” systems, including Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). These systems consist of a variety of platforms including the PowerBuoy®, our persistent sensor and power solution, the WAM-V® (Wave Adaptive Modular Vessel), our autonomous unmanned surface vehicle, and Merrows™, our user interface and command and control (C2) system that integrates multiple sensor feeds using software and hardware and enables artificial intelligence and machine learning (AI/ML) integration. We design, manufacture, deploy, and operate these systems for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. We operate primarily through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. Our business model emphasizes capital-light deployments, recurring revenue from service and maintenance contracts, and high-margin technology sales and leases.
Current securities
Recent company filings
- S-1/A filingNov 5, 2026
- Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity SecuritiesNov 3, 2026
- DEF 14A filingOct 29, 2026
- S-1/A filingOct 29, 2026
- Changes in Registrant's Certifying Accountant · Other EventsOct 28, 2026
Registered securities in this filing
Ocean Power Technologies, Inc. · 8-K · Filed 2026-08-17
Series A Preferred Stock Purchase Rights
- Symbol
- N/A
- Exchange
- NYSEAMER
- Classification
- RIGHT
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
On
August 17, 2026, Ocean Power Technologies, Inc. issued a press release announcing that it initiated a strategic investment review. A
copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
Filed exhibits (1)
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Ocean Power Technologies Initiates Review of Strategic Alternatives MONROE TOWNSHIP, N.J., Aug. 17th, 2026 - Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced that that its Board of Directors has initiated a review of strategic alternatives with the goal of maximizing value for its stockholders. The Company has retained Bowen, Inc., an investment banking advisory firm, as its financial advisor in connection with the review. The Board intends to consider a full range of potential alternatives that could accelerate OPT’s growth, expand market access and strengthen its financial position. “OPT has built a differentiated portfolio of intelligent maritime technologies and established a growing position across defense, security and commercial markets,” said Joseph Diguardo, Acting Chairman of the Board of OPT. “Given the increase in demand for maritime technologies, we believe this is an appropriate time to evaluate opportunities that can accelerate our next phase of growth and create additional value for stockholder…
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