Ocean Power Technologies, Inc. — Form 8-K

Ocean Power Technologies, Inc. (OPPT) entered into an At-The-Market (ATM) Offering Agreement dated July 27, 2026 with H.C. Wainwright Co., LLC to issue and sell up to $20,000,000 of common stock shares (par value $0.001 per share) pursuant to a shelf registration statement (Form S-3, File No. 333-275843). The agreement grants Wainwright flexibility to sell shares at prevailing market prices via at-the-market offerings or other permitted methods, with Wainwright receiving a discount/commission calculated per Schedule 3 (not disclosed in filing). The maximum offering size is limited by the lesser of four constraints: the $20M registered amount, current registration statement availability, authorized unissued shares, and Form S-3 eligibility requirements.