Form 8-K

8-K — Ocean Power Technologies, Inc.

Accession: 0001493152-26-022516

Filed: 2026-05-12

Period: 2026-05-07

CIK: 0001378140

SIC: 4911 (ELECTRIC SERVICES)

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-99.1 (ex99-1.htm)

EX-99.2 (ex99-2.htm)

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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): May 7,

2026

Ocean

Power Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-33417

22-2535818

(State or other jurisdiction

(Commission

(I.R.S. Employer

of incorporation)

File Number)

Identification No.)

Engelhard Drive, Suite

08831

Monroe

Township, New

Jersey

(Zip Code)

(Address of principal executive offices)

(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.

May 7, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release providing a business update on progress

in offshore charging and autonomous operations. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated

by reference.

May 12, 2026, the Company issued a press release announcing the deployment of three PowerBuoy® systems supporting U.S. Department

of Homeland Security maritime surveillance operation. A copy of the press release is attached hereto as Exhibit 99.2 and is hereby

incorporated by reference.

Item

9.01 Financial

Statements and Exhibits.

Exhibits

99.1

Press release dated May 7, 2026.

99.2

Press release dated May 12, 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: May 12, 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 Advances Offshore Charging and Autonomous Operations for Maritime Drones

MONROE

TOWNSHIP, N.J. May 07, 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 progress in offshore

charging and autonomous operations, supporting its industry leading strategy to enable longer-duration, lower-cost maritime missions.

OPT

has successfully demonstrated autonomous docking, charging, and redeployment of its maritime drone, the WAM-V® autonomous surface

vehicle. The system allows a vehicle to approach a dock, secure itself, recharge, and return to operation without human intervention,

in turn addressing a key limitation in offshore autonomy.

The

Company is advancing this capability for near-term integration with its PowerBuoy® platform, creating offshore “charging points”

that can support continuous operations at sea. Over time, these systems are expected to form a distributed marine charging network of

its own and other maritime drones and electric boats.

“Extending

time on station while reducing the need for manned support is critical to scaling offshore autonomy,” said Philipp Stratmann, Chief

Executive Officer of Ocean Power Technologies. “Docking and charging is an integral step forward in making these systems practical

and cost-effective for customers.”

OPT

is also progressing a cutting edge next-generation maritime resilience enhancement upgrade to its WAM-V platform through its next generation

system architecture program, focused on improving system compatibility, simplifying upgrades, enabling increased endurance, and supporting

a broader range of customer payloads.

These

efforts, combined with continued advances in autonomy software, uniquely position OPT to deliver integrated solutions that support persistent

offshore operations across defense and commercial markets.

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® autonomous surface vessels

(ASVs) 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 the progress of the various initiatives described above, 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

EX-99.2

Filename: ex99-2.htm · Sequence: 3

Exhibit 99.2

Ocean

Power Technologies Deploys Three PowerBuoy® Systems Streaming Simultaneous Offshore Data for DHS Operations

Deployment

includes deep-water operations (>1,000m) and integration with Anduril’s Lattice platform

MONROE

TOWNSHIP, N.J. May 12, 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 the active deployment

of three PowerBuoy® systems supporting U.S. Department of Homeland Security (DHS) maritime surveillance operations, with all units

simultaneously transmitting real-time data from offshore environments.

The

deployed systems are operating concurrently as a distributed offshore network, providing persistent data collection and continuous communications

to support maritime domain awareness missions. One of the PowerBuoys is deployed in water depths exceeding 1,000 meters, demonstrating

the platform’s ability to operate in deep-water conditions.

The

PowerBuoy systems are integrated with Anduril Industries’ Lattice autonomous command and control platform, enabling real-time ingestion

of offshore sensor data into operational workflows.

“This

is a paradigm shift from single deployments to coordinated offshore systems operating simultaneously,” said Jason Weed, SVP Sales

and Commercial of Ocean Power Technologies. “We are demonstrating that autonomous platforms can deliver continuous data from multiple

locations, including deep-water environments, and integrate directly into operational command systems.”

Each

PowerBuoy functions as a persistent offshore node, providing power, communications, and sensor hosting in a single autonomous platform

designed for extended-duration operation in harsh ocean conditions. Each PowerBuoy® is also equipped with its own AI capable, decision

making software, part of OPT’s Merrows™ suite. Operating together, the deployed systems expand coverage and enable more consistent

monitoring without reliance on manned vessels or aircraft.

The

deployment is part of OPT’s ongoing DHS program supporting maritime domain awareness operations off the coast of California. The

Company continues to advance distributed, autonomous offshore systems designed to provide scalable and persistent coverage for national

security applications.

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® autonomous surface vessels

(ASVs) 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 the continuing successful operations of the PowerBuoy® deployed off the coast of Southern California,

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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