Form 8-K

8-K — Ocean Power Technologies, Inc.

Accession: 0001493152-26-027926

Filed: 2026-06-09

Period: 2026-06-08

CIK: 0001378140

SIC: 4911 (ELECTRIC SERVICES)

Item: Other Events

Item: Financial Statements and Exhibits

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

Form

8-K

Current

Report Pursuant to Section 13 or 15(d) of

the

Securities Act of 1934

Date

of Report (Date of earliest event reported): June 8, 2026

Ocean

Power Technologies, Inc.

(Exact

name of registrant as specified in its charter)

Delaware

001-33417

22-2535818

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(I.R.S.

Employer

Identification

No.)

28 Engelhard Drive, Suite B

Monroe Township, New Jersey

08831

(Address

of principal executive offices)

(Zip

Code)

(609)

730-0400

(Registrant’s

telephone number, including area code)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol (s)

Name

of each exchange on which registered

Common

Stock, $0.001 Par Value

OPTT

NYSE

American

Series

A Preferred Stock Purchase Rights

N/A

NYSE

American

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

8.01

Other

Events.

June 8, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing successful field performance

and power generation from its recently deployed PowerBuoy® system supporting maritime domain awareness operations for the U.S. Coast

Guard off the coast of San Diego, as well as announcing an inducement grant to a newly hired employee. A copy of the press release is

attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

Item

9.01

Financial

Statements and Exhibits.

Exhibits

99.1

Press release dated June 8, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned thereunto duly authorized.

Ocean

Power Technologies, Inc.

Dated:

June 9, 2026

/s/

Philipp Stratmann

Philipp

Stratmann

President

and Chief Executive Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

Ocean

Power Technologies Demonstrates Strong Field Performance from DHS Deployment and Advances Operational Scalability

MONROE

TOWNSHIP, N.J., June 8, 2026 - Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”),

a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced successful field performance

and power generation from its recently deployed MERROWS™-equipped PowerBuoy® system supporting maritime domain awareness operations

for the U.S. Coast Guard off the coast of San Diego.

The

deployed system has demonstrated reliable renewable power generation, achieving close to 0.5MWh of energy to date, and sustained operational

performance in an active maritime environment, validating OPT’s ability to rapidly deploy and support persistent offshore infrastructure

for defense and security applications.

“This

deployment represents an important validation of our technology, our operational capabilities, and our ability to deliver mission-critical

maritime solutions on accelerated timelines,” said Philipp Stratmann, President and Chief Executive Officer of Ocean Power Technologies.

“The system has successfully demonstrated renewable power generation and operational performance in the field, further reinforcing

the value of persistent, resident maritime domain awareness capabilities.”

support continued growth and execution across its expanding portfolio of deployments, OPT is also implementing tools to enhance cross-functional

visibility, improve operational decision making, and help scale execution across manufacturing, deployment, logistics, and customer support

activities.

Jason

Weed, Senior Vice President of Commercial Sales, added, “Customers are increasingly seeking trusted partners that can rapidly deploy

and sustain maritime intelligence infrastructure in demanding environments. The successful performance of our DHS deployment, and the

integration with Anduril’s Lattice advanced AI -powered control and command system, demonstrate both the maturity of our technology

and our readiness to support larger-scale programs.”

The

Company expects to continue providing updates as additional PowerBuoy® systems are deployed under its Department of Homeland

Security award.

Inducement

Grant

connection with the hiring of Rob O’Malley as U.S. Defense Senior Director of Business Development, and as a material inducement

to his employment, OPT’s Compensation Committee approved an inducement award consisting of 65,000 restricted stock units (“RSUs”).

The award was granted pursuant to Section 711(a) of the NYSE American Company Guide and was approved in accordance with NYSE American

inducement grant rules.

The

RSUs will vest over 9 nine months, subject to Mr. O’Malley’s continued employment with the Company through the applicable

vesting dates and his achievement of certain performance targets.

Mr.

O’Malley joins OPT as U.S. Defense Senior Director of Business Development. With almost two decades of experience in ocean, defense,

and autonomous technologies, he will lead the company’s efforts for US focused defense sales within the Department of War.

For

additional information about OPT, please visit our website Ocean Power Technologies.

ABOUT

OCEAN POWER TECHNOLOGIES

OPT

provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense

and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI capable seamless

integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable

electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® unmanned

surface vessels (USVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey, with an additional

office in Richmond, California. To learn more about OPT’s groundbreaking products, services and solutions, visit www.OceanPowerTechnologies.com.

FORWARD-LOOKING

STATEMENTS

This

release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform

Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”,

“will likely result”, “believe”, “expect”, “will continue”, “anticipate”,

“estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”,

“objective”, “goal”, “project”, “should”, “will pursue” and similar expressions

or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future

plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject

to risks and uncertainties, including Mr. O’Malley’s potential success in his role and the continuing success of our DHS

buoys, the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue

thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company.

Please refer to the Company’s most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission

for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking

statements in order to reflect events or circumstances after the date of this release.

Contact

Information

Investors:

203-561-6945 or investorrelations@oceanpowertech.com

Media:

609-730-0400 x402 or MediaRelations@oceanpowertech.com

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