# Ocean Power Technologies, Inc. (OPTT) — restructuring/exchange_offer [announced]
Source: SEC API (secapi.ai) · situation sit_a5ebb316f41ba2147213 · retrieved 2026-08-11T16:09:10.321Z

## Overview
Ocean Power Technologies provides intelligent maritime solutions and services including PowerBuoy platforms for clean electric power and real-time data communications, WAM-V unmanned surface vessels, and Merrows AI-enabled maritime domain awareness systems for defense, security, oil and gas, and commercial maritime markets.

Ocean Power Technologies, Inc. acquired strategic intellectual property assets related to a subsurface wave energy converter (SubWEC) from Columbia Power Technologies, Inc. in an asset purchase agreement dated July 22, 2026. The Company issued 10,984,848 restricted shares of common stock valued at $2,900,000 based on a 30-day trailing volume-weighted average price (VWAP), less $100,000 in reimbursed expenses paid in cash. The transaction closed effective July 22, 2026, and expands OPT's operational infrastructure portfolio to include subsea power capabilities complementing its existing offshore power, autonomous surface vehicles, and AI-enabled software offerings.

## Terms
- Counterparty: Columbia Power Technologies, Inc. · Deal value: $2.9M · Consideration: stock

## Key dates
- Announced 2026-07-23

## Timeline
- 2026-07-23 · 8-K (0001493152-26-034425): 8-K - Ocean Power Technologies, Inc. — *Ocean Power Technologies provides intelligent maritime solutions and services including PowerBuoy platforms for clean electric power and real-time data communications, WAM-V unmanned surface vessels, and Merrows AI-enabled maritime domain awareness systems for defense, security, oil and gas, and commercial maritime markets.* Ocean Power Technologies, Inc. acquired strategic intellectual property assets related to a subsurface wave energy converter (SubWEC) from Columbia Power Technologies, Inc. in an asset purchase agreement dated July 22, 2026. The Company issued 10,984,848 restricted shares of common stock valued at $2,900,000 based on a 30-day trailing volume-weighted average price (VWAP), less $100,000 in reimbursed expenses paid in cash. The transaction closed effective July 22, 2026, and expands OPT's operational infrastructure portfolio to include subsea power capabilities complementing its existing offshore power, autonomous surface vehicles, and AI-enabled software offerings.
  https://www.sec.gov/Archives/edgar/data/1378140/0001493152-26-034425.txt

## Citations
- 0001493152-26-034425 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226034425