Ocean Power Technologies, Inc. — Form S-1

Ocean Power Technologies, Inc. (market cap ~$18.7M) filed an S-1 registration statement on September 8, 2026 for a best-efforts public offering of up to [unspecified number] shares of common stock paired with common warrants to purchase [unspecified] shares, plus pre-funded warrants for qualified investors exceeding beneficial ownership thresholds (4.99%/9.99%). Offering terms remain incomplete (blank dollar amounts, share counts, exercise prices, lock-up periods, and net proceeds). The placement agent (unnamed) receives 6.0% commission plus $100,000 expense reimbursement. No minimum raise required; company may receive substantially less than maximum. Company intends to use proceeds for working capital and general corporate purposes, with potential requirement to repay up to 30% of proceeds under April 2026 convertible notes.