Ocean Power Technologies, Inc. — Form S-1/A
Filed October 29, 2026 · analyzed by the Registration Agent
S-1/A
▼ Likely negative
significance 71/100
What the filing says
Ocean Power Technologies (market cap ~$18.7M) is conducting a best-efforts offering of up to 9,375,000 common shares plus equal warrant coverage at $0.64/share (warrant exercise price also $0.64, equal to 100% of offering price). Net proceeds estimated at $5.65M after 6% placement agent fee ($360K) and ~$150K expenses, assuming full sale and no warrant exercise. Counterparty: D. Boral Capital LLC (placement agent). Key risk: no minimum raise required; proceeds may be substantially less. Company completed 1-for-30 reverse split on September 14, 2026. Post-offering share count (assuming full sale, no warrant exercise): ~19.96M shares vs. ~10.59M pre-offering—88% dilution.
Why this rating
Offering size (~$5.6M net) is ~30% of company market cap; represents severe dilution (88% post-offering share count if fully subscribed). Best-efforts structure adds execution risk. Warrants create further future dilution. Delistment risk cited. Proceeds critical for going-concern uncertainty flagged in auditor report.
Extracted items
- 2.02 results / earnings
- 7.01 Reg FD disclosure
- 9.01 exhibits
Tradability signal
NO TRADE
No trade: price $0.40 is below our $0.5 floor — spreads at this level eat any edge. (Filing arrived outside market hours — evaluated at the next open with a live quote.)
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it negative)
before filing · preread $0.65 ▲ 50.10% | at our read · unknown $0.43 | +10 min · unknown $0.38 ▼ 12.24% | +30 min · unknown $0.38 ▼ 10.91% | +1 hr · unknown $0.39 ▼ 10.21% | +4 hrs pending |
The stock had already moved -33.38% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; for filings arriving outside market hours the clock starts at the next open. Not investment advice. How accurate are our calls? →
See more from October 29, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.