{"filing":{"accession_number":"0001493152-26-027653","cik":"0001378140","ticker":"OPTT","company_name":"Ocean Power Technologies, Inc.","form":"8-K","filing_date":"2026-06-08","report_date":null,"primary_document":"form8-k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1378140/000149315226027653/form8-k.htm"},"events":[{"id":6297,"run_id":5519,"accession_number":"0001493152-26-027653","anchor_item_number":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Ocean Power Technologies entered into a Securities Purchase Agreement on June 4, 2026, to sell 25,000,000 shares of common stock at $0.40 per share, together with 25,000,000 common warrants, for aggregate gross proceeds of $10.0 million. This is a registered direct offering of equity securities with significant dilution to existing shareholders. The warrants are exercisable at $0.40 per share and expire six years after initial exercise, further diluting equity. This is a classic dilutive equity issuance disclosed under Item 1.01.","company_name":"Ocean Power Technologies, Inc.","ticker":"OPTT","filing_date":"2026-06-08","form":"8-K","submitted_at":null,"items":null}],"classifications":[{"id":5097,"accession_number":"0001493152-26-027653","item_number":null,"item_title":null,"event_type":"dilutive_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Ocean Power Technologies entered into a Securities Purchase Agreement on June 4, 2026, to sell 25,000,000 shares of common stock at $0.40 per share, together with 25,000,000 common warrants, for aggregate gross proceeds of $10.0 million. This is a registered direct offering of equity securities with significant dilution to existing shareholders. The warrants are exercisable at $0.40 per share and expire six years after initial exercise, further diluting equity. This is a classic dilutive equity issuance disclosed under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-08T13:04:17.057194+00:00","company_name":"Ocean Power Technologies, Inc.","ticker":"OPTT","filing_date":"2026-06-08"}]}