The effectiveness clears the way for the selling stockholders to sell their 366,162 shares and for the company to price its new offering. Monitor for a prospectus supplement disclosing the offering size and pricing, which will determine the dilution impact. The wide gap between the $0.18 and $2.12 reference prices in the two S-1 filings suggests significant volatility or a reverse stock split may have occurred.
Price Chart
Executive Summary
The SEC declared effective Ocean Power Technologies' S-1 registration statement (File No. 333-298559) on October 14, 2026. This effectiveness covers a resale shelf for 366,162 shares held by selling stockholders from a June 2026 acquisition, and a concurrent underwritten offering of common stock and warrants (with amounts and pricing still undisclosed). The company will not receive proceeds from the resale shares but will receive proceeds from the new offering.
Key Facts
- Effectiveness date: October 14, 2026
- Covers resale of 366,162 shares issued as acquisition consideration in June 2026
- Also covers a new offering of common stock, pre-funded warrants, and common warrants (amounts and pricing TBD)
- Company receives proceeds only from the new offering, not the resale
- Last reported stock price on September 22, 2026 was $2.12 per share (per S-1/A)
- Last reported stock price on September 4, 2026 was $0.18 per share (per initial S-1)
Financial Impact
Offering size undisclosed; 6.0% placement agent fee on proceeds from new offering; up to $100,000 expense reimbursement to placement agent
Risk Factors
- Potential dilution from the new offering of common stock and warrants
- Selling stockholder resale could pressure the stock price
- No minimum offering amount — the company may raise less capital than expected
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-003237 |
| Document: 9999999995-26-003237-index.html | 9999999995-26-003237 |
| Document: 9999999995-26-003237.txt | 9999999995-26-003237 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $0.6824 | awaiting T+5 | — | $0.6303 (−7.63%) |
Oct 15, 2026 11d ago | EFFECT | $0.6878 $0.6496 | ▼ −5.55% | ▼ −4.54% | $0.6303 (−8.36%) |
Oct 14, 2026 11d ago | 424B5 | $0.6878 $0.6496 | ▲ +5.55% | ▲ +4.54% | $0.6303 (+8.36%) |
Oct 7, 2026 18d ago | 8-K/A | $0.9001 $0.6878 | ▼ −23.59% | ▼ −23.31% | $0.6303 (−29.97%) |
Oct 6, 2026 19d ago | 8-K | $0.9600 $0.6600 | ▼ −31.25% | ▼ −30.27% | $0.6303 (−34.34%) |
Sep 25, 2026 4w ago | S-1/A | $1.67 $0.9594 | ▼ −42.55% | ▼ −43.76% | $0.6303 (−62.26%) |
Sep 25, 2026 4w ago | 8-K | $1.67 $0.9594 | ▲ +42.55% | ▲ +43.76% | $0.6303 (+62.26%) |
Sep 11, 2026 6w ago | 8-K | $0.1065 $2.11 | ▲ +1881.22% | ▲ +1881.56% | $0.6303 (+491.83%) |
Aug 24, 2026 9w ago | 8-K | $0.1815 $0.1732 | ▲ +4.57% | ▲ +5.04% | $0.6303 (−247.27%) |
Aug 21, 2026 9w ago | Press Release | $0.1815 $0.1732 | ▲ +4.57% | ▲ +5.04% | $0.6303 (−247.27%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers