Ocean Power Technologies, Inc. (OPTT) Form 424B5 — Oct 14, 2026
Ocean Power Technologies filed a 424B5 prospectus registering the resale of 366,162 common shares issued to Columbia Power Technologies as consideration for a June 2026 asset acquisition. The company receives no proceeds from any sale by the selling stockholder, though it bears registration expenses and granted registration rights under the asset purchase agreement. The registered shares represent about 4% of the roughly 9.09 million shares outstanding as of September 22, 2026, creating a modest resale overhang. The stock last traded at $2.12 on September 22, 2026, and a 1-for-30 reverse split was effected on September 14, 2026.
Key figures
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 366162
- Shares Outstanding
- 9094159
- Reverse split ratio
- 1:30
- Authorized common shares
- 400000000
- Outstanding warrant shares
- 833334
- Selling stockholder percent
- 4.0%
- Last reported sale price 2026 09 22
- $2.12 per share
AI analysis
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