Ocean Power Technologies, Inc. — Form 10-K
Filed August 19, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 18/100
What the filing says
The 10-K describes OPT's authorized capital (400M common shares at $0.001 par, 5M preferred), governance structure with 75% voting requirement for bylaw amendments, and a Section 382 Tax Benefits Preservation Plan adopted to protect net operating loss carryforwards by deterring acquisitions of 4.99%+ ownership stakes without board approval. The plan issues one preferred stock purchase right per common share (record date July 11, 2023), with rights expiring by June 29, 2026. No material changes in share count, dollar amounts, or counterparty transactions are disclosed in these exhibits.
Why this rating
Routine disclosure of corporate governance and capital structure. No new transactions, ownership changes, or material financial events. Standard anti-takeover provisions common among micro-cap companies.
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