The reverse split is a mechanical adjustment with no fundamental business catalyst. Monitor for potential delisting risk if the post-split price fails to sustain NYSE American continued listing standards. No immediate trading catalyst from this filing alone.
Price Chart
Executive Summary
Ocean Power Technologies (OPTT) filed an 8-K announcing stockholder approval and Board implementation of a 1-for-30 reverse stock split, effective September 11, 2026. The split reduces outstanding shares from ~270.1M to ~9.1M to boost the per-share price for marketability and liquidity, with split-adjusted trading beginning September 14. This is a routine capital structure adjustment with no fundamental change in business value or pro-rata ownership, though it signals the company is managing NYSE American listing compliance.
Key Facts
- Stockholders approved reverse split at a special meeting on September 10, 2026 (85,632,215 For, 40,675,726 Against, 790,545 Abstain).
- Board set the reverse split ratio at 1-for-30, effective 5:00 p.m. ET on September 11, 2026.
- Outstanding shares reduced from approximately 270.1 million to approximately 9.1 million.
- No fractional shares issued; fractional entitlements rounded up to the next whole share.
- Split-adjusted trading on NYSE American begins September 14, 2026; new CUSIP 674870605.
- Authorized share count and par value unchanged; proportionate adjustments made to warrants, options, and the Section 382 Tax Benefits Preservation Plan rights.
Financial Impact
No change in aggregate market value or pro-rata ownership; mechanical share consolidation from ~270.1M to ~9.1M shares outstanding.
Risk Factors
- Post-split price may decline and fail to maintain NYSE American listing compliance.
- Reverse splits often carry negative signaling for micro-cap stocks, potentially increasing selling pressure.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-042282 |
| Exhibit: ex99-1.htm | 0001493152-26-042282 |
| Exhibit: ex3-1.htm | 0001493152-26-042282 |
| Document: 0001493152-26-042282-index-headers.html | 0001493152-26-042282 |
| Document: 0001493152-26-042282-index.html | 0001493152-26-042282 |
| Document: 0001493152-26-042282.txt | 0001493152-26-042282 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $0.6824 | awaiting T+5 | — | $0.6040 (−11.49%) |
Oct 15, 2026 11d ago | EFFECT | $0.6878 $0.6496 | ▼ −5.55% | ▼ −4.54% | $0.6040 (−12.18%) |
Oct 14, 2026 12d ago | 424B5 | $0.6878 $0.6496 | ▲ +5.55% | ▲ +4.54% | $0.6040 (+12.18%) |
Oct 7, 2026 19d ago | 8-K/A | $0.9001 $0.6878 | ▼ −23.59% | ▼ −23.31% | $0.6040 (−32.90%) |
Oct 6, 2026 19d ago | 8-K | $0.9600 $0.6600 | ▼ −31.25% | ▼ −30.27% | $0.6040 (−37.08%) |
Sep 25, 2026 4w ago | S-1/A | $1.67 $0.9594 | ▼ −42.55% | ▼ −43.76% | $0.6040 (−63.83%) |
Sep 25, 2026 4w ago | 8-K | $1.67 $0.9594 | ▲ +42.55% | ▲ +43.76% | $0.6040 (+63.83%) |
Sep 11, 2026 6w ago | 8-K | $0.1065 $2.11 | ▲ +1881.22% | ▲ +1881.56% | $0.6040 (+467.14%) |
Aug 24, 2026 9w ago | 8-K | $0.1815 $0.1732 | ▲ +4.57% | ▲ +5.04% | $0.6040 (−232.78%) |
Aug 21, 2026 9w ago | Press Release | $0.1815 $0.1732 | ▲ +4.57% | ▲ +5.04% | $0.6040 (−232.78%) |
US Market Status
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