Ocean Power Technologies Files 424B5 Prospectus
Ticker: OPTT · Form: 424B5 · Filed: Apr 1, 2026 · CIK: 0001378140
Sentiment: neutral
Topics: prospectus, equity-offering, capital-raise
Related Tickers: OPTT
TL;DR
OPT filed a prospectus for stock sale on 4/1/26. Potential capital raise incoming.
AI Summary
Ocean Power Technologies, Inc. filed a 424B5 prospectus on April 1, 2026, detailing the sale of common stock. The filing, with SEC Accession No. 0001493152-26-014544, indicates a potential offering of securities, though specific dollar amounts or share quantities are not detailed in this summary. The company is based in Monroe Township, NJ.
Why It Matters
This filing signals Ocean Power Technologies' intent to potentially raise capital through the sale of common stock, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Prospectus filings can indicate future stock dilution or capital raising activities, which carry inherent risks for investors.
Key Numbers
- 424B5 — Form Type (Indicates a prospectus filing for securities to be issued under Rule 424(b)(5).)
Key Players & Entities
- Ocean Power Technologies, Inc. (company) — Filer of the 424B5 prospectus
- 0001493152-26-014544 (filing_id) — SEC Accession Number for the filing
- 2026-04-01 (date) — Filing date of the prospectus
- Monroe Township, NJ (location) — Company's mailing and business address
FAQ
What is the purpose of a 424B5 filing?
A 424B5 filing is a prospectus supplement used to describe the specific terms of securities being offered to the public, often when the initial registration statement is already effective.
When was this specific 424B5 filing made by Ocean Power Technologies?
The filing was made on April 1, 2026.
What is the SEC Accession Number for this filing?
The SEC Accession Number is 0001493152-26-014544.
Where is Ocean Power Technologies, Inc. located?
The company's mailing and business address is 28 ENGELHARD DRIVE SUITE B MONROE TOWNSHIP NJ 08831.
What type of securities are likely being offered based on this filing?
A 424B5 filing typically relates to the offering of common stock or other equity securities, though the exact details would be within the prospectus document itself.
Filing Stats: 4,646 words · 19 min read · ~15 pages · Grade level 15.2 · Accepted 2026-04-01 09:31:20
Key Financial Figures
- $10,000,000 — o prospectus dated December 12, 2023) $10,000,000 of Series C-1 Senior Convertible Notes
- $0.40 — on stock at a conversion price equal to $0.40 (the “Fixed Conversion Price&rdqu
- $0.35 — the NYSE American on March 31, 2026 was $0.35 per share. Investing in our securitie
- $100,000,000 — to time in one or more offerings up to $100,000,000 of our common stock, preferred stock, d
- $0 — date, the Notes will be convertible at $0.40, in whole or in part, at the option
- $9.8 m — erings are expected to be approximately $9.8 million, after deducting fees and estimat
Filing Documents
- form424b5.htm (424B5) — 836KB
- form424b5_001.jpg (GRAPHIC) — 4KB
- form424b5_002.jpg (GRAPHIC) — 1KB
- form424b5_003.jpg (GRAPHIC) — 4KB
- 0001493152-26-014544.txt ( ) — 850KB
Use of Proceeds
Use of Proceeds S-8 Dividend Policy S-8
Description of Securities
Description of Securities S-9 Plan of Distribution S-19 Legal Matters S-20 Experts S-20 Certain Documents Incorporated By Reference S-20 Where You Can Find More Information S-21 Cautionary Note Regarding Forward-Looking Statements S-21 Prospectus Page ABOUT THIS PROSPECTUS ii OCEAN POWER TECHNOLOGIES, INC. 1 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 2 WHERE YOU CAN FIND MORE INFORMATION 3 INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE 4 RISK FACTORS 5 USE OF PROCEEDS 6
DILUTION
DILUTION 6 DESCRIPTION OF DEBT SECURITIES 7 DESCRIPTION OF CAPITAL STOCK 24 DESCRIPTION OF DEPOSITARY SHARES 28 DESCRIPTION OF WARRANTS 30 DESCRIPTION OF SUBSCRIPTION RIGHTS 32 DESCRIPTION OF PURCHASE CONTRACTS 33 DESCRIPTION OF UNITS 34 FORMS OF SECURITIES 35 PLAN OF DISTRIBUTION 36 LEGAL MATTERS 38 EXPERTS 38 i About This Prospectus Supplement You should assume that the information contained in this prospectus supplement and the accompanying prospectus is accurate only as of the date on the front of the applicable document and that any information we have incorporated by reference into this prospectus supplement and the accompanying prospectus is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus supplement or the accompanying prospectus, or any sale of a security. This document is in two parts. The first part is the prospectus supplement, which describes the specific terms of these offerings. The second part, the accompanying prospectus, provides more general information about securities we may offer from time to time, some of which may not apply to the securities we are offering under this prospectus supplement. In addition, we incorporate important information into this prospectus supplement and the accompanying prospectus by reference. You may obtain the information incorporated by reference into this prospectus supplement and the accompanying prospectus without charge by following the instructions under “Where You Can Find More Information” in this prospectus supplement. Generally, when we refer to this prospectus, we are referring to both parts of this document combined. We urge you to carefully read this prospectus supplement, the information incorporated by reference and the accompanying prospectus before buying any of the securities being offered under this prospectus supplement. This prospectus supplement may add, update or ch