Form 8-K

8-K — Ocean Power Technologies, Inc.

Accession: 0001493152-26-038739

Filed: 2026-08-17

Period: 2026-08-17

CIK: 0001378140

SIC: 4911 (ELECTRIC SERVICES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

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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 17, 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 ☐

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.

August 17, 2026, Ocean Power Technologies, Inc. issued a press release announcing that it initiated a strategic investment review. 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 17, 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 17, 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 Initiates Review of Strategic Alternatives

MONROE

TOWNSHIP, N.J., Aug. 17th, 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 that its Board of Directors

has initiated a review of strategic alternatives with the goal of maximizing value for its stockholders.

The

Company has retained Bowen, Inc., an investment banking advisory firm, as its financial advisor in connection with the review.

The

Board intends to consider a full range of potential alternatives that could accelerate OPT’s growth, expand market access and strengthen

its financial position.

“OPT

has built a differentiated portfolio of intelligent maritime technologies and established a growing position across defense, security

and commercial markets,” said Joseph Diguardo, Acting Chairman of the Board of OPT. “Given the increase in demand for maritime

technologies, we believe this is an appropriate time to evaluate opportunities that can accelerate our next phase of growth and create

additional value for stockholders.”

“Our

team remains fully focused on serving customers and executing during this process,” added Philipp Stratmann, President and Chief

Executive Officer. “Day-to-day operations, customer commitments and product support will continue without interruption.”

There

can be no assurance that the exploration of strategic alternatives will result in any agreement or transaction, or, if a transaction

is undertaken, as to its terms, structure or timing. The Company has not set a timetable for completion of the process and does not intend

to comment on or disclose developments regarding the process unless and until the Board has approved a definitive course of action, the

process is concluded, or it is otherwise determined that disclosure is appropriate or legally required. The Board has not approved a

definitive course of action at this time.

The

Company does not intend to host a conference call regarding this announcement and does not expect to respond to individual inquiries

regarding the process.

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 have a successful strategic review process and to maintain its listing

requirements under the NYSE American, 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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