Get notified when OPTT files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Tax Benefits Preservation Plan (new) — The company has adopted a poison pill that deters any person or group from acquiring 4.99% or more of the outstanding common stock without board approval, which could entrench management and limit shareholder rights.
- Immediate Dilution of $0.31 Per Share (new) — New investors pay $0.40 per share but receive only $0.09 in net tangible book value per share, resulting in immediate dilution of $0.31 per share.
Ocean Power Technologies prices $10M offering of 25M shares with warrants at $0.40 per unit
Filed June 8, 2026 · ~2 min read
Key Changes
-
high
OPTT is selling 25M shares, each with a warrant to buy one share at $0.40, at a combined price of $0.40 per unit, for $10M gross proceeds.
The Offering verify on EDGAR → -
high
Net proceeds to the company are about $9.3M after fees and expenses, to be used for working capital and general corporate purposes.
Use of Proceeds verify on EDGAR → -
high
New investors face immediate dilution of $0.31 per share, as pro forma as-adjusted net tangible book value is $0.09 per share.
Dilution verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (P 10-Q) is open in full — no account needed.
Partner
Trade OPTT commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify