# Ocean Power Technologies, Inc. (OPTT) — capital_raise/atm_program [expired]
Source: SEC API (secapi.ai) · situation sit_8fd5596f1f5f741b981d · retrieved 2026-08-11T16:10:48.398Z

## Overview
Ocean Power Technologies, Inc. is an electric services company that develops wave energy conversion technology for power generation.

Ocean Power Technologies, Inc. entered into an at-the-market (ATM) offering agreement with H.C. Wainwright & Co., LLC on July 27, 2026, pursuant to which the Company may offer and sell up to $20,000,000 of its common stock ($0.001 par value) from time to time through Wainwright as sales agent. Wainwright will use commercially reasonable efforts to sell the shares at market prices on the NYSE American exchange or through other permitted methods. The Company will pay Wainwright a commission of 3.0% of the aggregate gross proceeds from sales, plus reimbursement of up to $50,000 for Wainwright's counsel expenses and periodic diligence update fees. The offering is registered under the Company's effective Form S-3 registration statement (File No. 333-275843, declared effective December 12, 2023), and a prospectus supplement was filed on July 27, 2026.

## Terms
- Counterparty: H.C. Wainwright & Co., LLC · Deal value: $20.0M · Consideration: cash

## Key dates
- Expired 2026-07-27

## Timeline
- 2026-07-27 · 8-K (0001493152-26-034862): 8-K - Ocean Power Technologies, Inc. — *Ocean Power Technologies, Inc. is an electric services company that develops wave energy conversion technology for power generation.* Ocean Power Technologies, Inc. entered into an at-the-market (ATM) offering agreement with H.C. Wainwright & Co., LLC on July 27, 2026, pursuant to which the Company may offer and sell up to $20,000,000 of its common stock ($0.001 par value) from time to time through Wainwright as sales agent. Wainwright will use commercially reasonable efforts to sell the shares at market prices on the NYSE American exchange or through other permitted methods. The Company will pay Wainwright a commission of 3.0% of the aggregate gross proceeds from sales, plus reimbursement of up to $50,000 for Wainwright's counsel expenses and periodic diligence update fees. The offering is registered under the Company's effective Form S-3 registration statement (File No. 333-275843, declared effective December 12, 2023), and a prospectus supplement was filed on July 27, 2026.
  https://www.sec.gov/Archives/edgar/data/1378140/0001493152-26-034862.txt

## Citations
- 0001493152-26-034862 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034862