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    Ocean Power Technologies Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    4/10/25 4:15:30 PM ET
    $OPTT
    Electric Utilities: Central
    Utilities
    Get the next $OPTT alert in real time by email
    false 0001378140 0001378140 2025-04-07 2025-04-07 0001378140 OPTT:CommonStock0.001ParValueMember 2025-04-07 2025-04-07 0001378140 OPTT:SeriesPreferredStockPurchaseRightsMember 2025-04-07 2025-04-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    Form 8-K

     

    Current Report Pursuant to Section 13 or 15(d) of

    the Securities Act of 1934

     

    Date of Report (Date of earliest event reported): April 7, 2025

     

    Ocean Power Technologies, Inc.
    (Exact name of registrant as specified in its charter)

     

    Delaware

     

    001-33417

     

    22-2535818

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (I.R.S. Employer

    Identification No.)

     

    28 Engelhard Drive, Suite B

    Monroe Township, New Jersey

    08831

    (Address of principal executive offices)   (Zip Code)

      

    (609) 730-0400

    (Registrant’s telephone number, including area code)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

      ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
         
      ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
         
      ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
         
      ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading Symbol (s)   Name of each exchange on which registered
    Common Stock, $0.001 Par Value   OPTT   NYSE American
    Series A Preferred Stock Purchase Rights   N/A   NYSE American

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

     

     

     

    Item 8.01 Other Events.

     

    On April 7, 2025, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing status of their supply chain. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

     

    On April 10, 2025, the Company issued a press release announcing a reseller agreement in Latin America. A copy of the press release is attached hereto as Exhibit 99.2 and is hereby incorporated by reference.

     

    Item 9.01 Financial Statements and Exhibits.

     

    Exhibits  
       
    99.1 Press release dated April 7, 2025.
       
    99.2 Press release dated April 10, 2025.

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

     

      Ocean Power Technologies, Inc.
       
    Dated: April 10, 2025 /s/ Philipp Stratmann
      Philipp Stratmann
      President and Chief Executive Officer

     

     

     

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