Ocean Power Technologies, Inc. (OPTT) Form 8-K — Jul 23, 2026

$OPTTForm 8-KItems 1.01, 1.02, 2.02, 5.02Filed Jul 23, 2026, 4:56 PM ET0001493152-26-034425Original filing

Ocean Power Technologies completed the acquisition of strategic subsea technology assets from Columbia Power Technologies, issuing approximately 11 million shares of common stock valued at $2.9 million. The transaction closed on July 22, 2026, and adds the SubWEC subsurface wave energy converter to OPT's portfolio, extending the company's operational infrastructure capabilities to the seabed. For the fiscal year ended April 30, 2026, the company reported a record backlog of $19.8 million, an increase of 58% year-over-year, despite total revenue declining to $4.1 million.

Key figures

Revenue: 4076000
Cash Position: 8719000
Deal Value Usd: 2900000
Shares Outstanding: 228460085
Backlog: 19800000
Pipeline: 142300000
Shares Issued: 10984848

Price after filing

1 day: -3.7%7 days: -15.2%30 days: -3.0%

Close on the filing date to close N calendar days later (from $0.19). Historical, not a forecast.

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