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Form 8-K

sec.gov
OPTT The article is a Form 8-K filing, which is a report of unscheduled material events or corporate changes. This type of filing is typically factual and does not inherently carry a positive or negative sentiment about the company's performance or prospects.

8-K — Ocean Power Technologies, Inc.

Accession: 0001493152-26-036203

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001378140

SIC: 4911 (ELECTRIC SERVICES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

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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): August 5, 2026

Ocean

Power Technologies, Inc.

(Exact

name of registrant as specified in its charter)

Delaware

001-33417

22-2535818

(State

or other jurisdiction

of

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 ☐

If

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.

On

August 5, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its selection as a potential

awardee under a contract supporting the Naval Oceanographic Office. 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 August 5, 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:

August 5, 2026

/s/

Philipp Stratmann

Philipp

Stratmann

President

and Chief Executive Officer

EX-99.1

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit

99.1

Ocean

Power Technologies Selected for Participation in $40 Million U.S. Navy Project for Autonomous Ocean Mapping

MONROE

TOWNSHIP, N.J., Aug. 5, 2026 — Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American:

OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced that it has been selected as

one of six potential awardees under a $40 million multiple-award, indefinite-delivery/indefinite-quantity (“IDIQ”) contract

supporting the Naval Oceanographic Office (“NAVOCEANO”).

The

firm-fixed-price contract will support high-resolution ocean-floor mapping services using long-endurance unmanned surface vehicles. Work

will be performed across the Indian and Pacific Ocean basins based on NAVOCEANO mission requirements.

The

contract has a two-year ordering period anticipated to begin in August 2026 and continue through July 2028. Under the multiple-award

structure, individual task-orders will be competed among the contract holders. The $40 million represents the aggregate contract ceiling

across all awardees.

“We

believe this award is a strong validation of the work we have undertaken over the past year and beyond to demonstrate that commercially

proven maritime technologies can be transitioned into operational capabilities for Department of War customers,” said Jason Weed,

Senior Vice President, Commercial Sales at Ocean Power Technologies. “Our deployment history across both the WAM-V® and PowerBuoy®

product lines provides a proven foundation for long-endurance ocean operations. This contract creates an important pathway for OPT to

compete for task orders supporting critical ocean-mapping missions while continuing to advance our Robotics as a Service strategy.”

The

award further expands OPT’s ability to support U.S. Government maritime programs and reflects the Company’s continued transition

to a maritime technology provider with an integrated set of deployable platforms, data, operational support, and recurring services.

For

more information about Ocean Power Technologies, visit www.OceanPowerTechnologies.com.

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 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 the Company’s ability to compete for and receive task orders under the NAVOCEANO IDIQ contract

and successfully deploy its technologies and services in support of those task orders, 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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