Results of Operations and Financial Condition. On August 19, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing an update to the preliminary financial results previously announced on July 23, 2026 for the fiscal year and quarter ended April 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 14, 2026, Ocean Power Technologies, Inc. (the “Company”) received a notice from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of the NYSE American (the “Exchange”) under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the “Company Guide”) because the Company failed to file by the extended due…

Entry into a Material Definitive Agreement . On July 27, 2026, Ocean Power Technologies, Inc. (the “Company”) entered into an at the market offering agreement with H.C. Wainwright & Co., LLC (“Wainwright”), pursuant to which the Company may offer and sell shares of its common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price of up to $20,000,000 (the “Shares”), to or through Wainwright, as sales agent (the “Sales Agreement”), from time to time, in an “…

Chairman of the Board — Terence J. Cryan: Mr. Cryan retired from the Board of Directors, and Rear Admiral Joseph A. 'Digger' DiGuardo Jr. was appointed as Acting Chairman.

Results of Operations and Financial Condition. On July 23, 2026, the Company issued a press release announcing its financial results for its fiscal fourth quarter and fiscal year ended April 30, 2026. A copy of the press release is furnished as Exhibit 99.2 to this report and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in

Termination of a Material Definitive Agreement. Effective July 22, 2026, the Company terminated its At Market Issuance Sales Agreement with Ladenburg Thalmann & Co. Inc. dated August 8, 2025. There were no penalties associated with the termination.

Entry into a Material Definitive Agreement . On July 22, 2026, Ocean Power Technologies, Inc. (the “Company”) entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Columbia Power Technologies, Inc. (the “Seller”) pursuant to which the Company acquired from the Seller certain of its intellectual property assets. Seller is an ocean power company, tapping the ocean to supply cost-effective, dependable, and predictable energy generation systems for its customers. In consi…

above, on June 29, 2026, the Board approved and adopted an Amended and Restated Series A Certificate of Designations to amend and restate the terms of the Series A Participating Preferred Stock, including, primarily to increase the number of shares of Series A Participating Preferred Stock designated therein from 100,000 shares to 700,000 shares. The Company intends to file the Amended and Restated Series A Certificate of Designations with the Secretary of State of the State of Delaware on Ju…

Material Modification to Rights of Security Holders. On June 29, 2026, Ocean Power Technologies, Inc., a Delaware corporation (“ OPT ” or the “ Company ”), entered into an Amended and Restated Section 382 Tax Benefits Preservation Plan (the “ Amended and Restated Tax Benefits Preservation Plan ”), which amended and restated the Company’s Section 382 Tax Benefits Preservation Plan, dated as of June 29, 2023 (the “ Original Plan ”), by and between the Company and Computershare Trust Company, N.…

Entry into a Material Definitive Agreement. On June 4, 2026, Ocean Power Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with those institutional accredited investors identified on the signature page thereto (the “Purchasers”) pursuant to which the Company offered for sale to the Purchasers an aggregate of 25,000,000 shares of the Company’s common stock, par value $0.001 per share (the “common stock”), together with common…

Other Events. On May 19, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing an expansion in its global deployment footprint across U.S. government, international, and research customers. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth under

Entry into a Material Definitive Agreement. On April 1, 2026, Ocean Power Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional investors (the “Investors”) under which the Company agreed to issue and sell convertible notes for an aggregate principal amount of $10,000,000 (the “Notes”) that will be convertible into shares of the Company’s common stock, par value of $0.001 per share (the “Common Stock”).…

Results of Operation and Financial Condition On March 11, 2026, Ocean Power Technologies, Inc. (the “Company”) issued an earnings flash announcing preliminary results of operations for the quarter ended January 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth in

The filing is about an amendment to the Inducement Plan, not a management change.

Results of Operations and Financial Condition. On December 15, 2025, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal second quarter ended October 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On May 15, 2025, Ocean Power Technologies, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional investors (the “Investors”) under which the Company agreed to issue and sell, in one or more registered public offerings by the Company directly to the Investor (the “Offering”), convertible notes for up to a…

Other Events. On September 15, 2025, the Company issued a press release announcing a new U.S. strategic partnership. A copy of the press release is attached hereto as Exhibit 99.2 and is hereby incorporated by reference.

Results of Operations and Financial Condition. On September 15, 2025, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal first quarter ended July 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in

Entry into a Material Definitive Agreement . On August 8, 2025, Ocean Power Technologies, Inc. (the “Company”) entered into a sales agreement with Ladenburg Thalmann & Co. Inc. (“Ladenburg”), pursuant to which the Company may offer and sell shares of its common stock, par value $0.001 per share (the “Common Stock”), having an aggregate offering price of up to $40,000,000 (the “Shares”), to or through Ladenburg, as sales agent (the “Sales Agreement”), from time to time, in an “at the market of…

Termination of a Material Definitive Agreement. In connection with entering into the Sales Agreement, effective August 8, 2025, the Company terminated its At the Market Offering Agreement with A.G.P/Alliance Global Partners (“AGP”) dated March 22, 2024 (the “AGP Agreement”). Under the AGP Agreement, the Company had sold and issued an aggregate of shares of its common stock with an aggregate market value of approximately $18 million. There were no penalties associated with the termination.

Other Events. On August 5, 2025, a press release was issued by Greensea IQ regarding a strategic collaboration with Ocean Power Technologies, Inc. (the “Company”). A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

Results of Operations and Financial Condition. On July 24, 2025, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal fourth quarter and fiscal year ended April 30, 2025. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in

Changes in Registrant’s Certifying Accountant On June 3, 2025, Ocean Power Technologies Inc. (the “Company”) was notified that Moss Adams LLP (“Moss Adams”), the Company’s independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025. The combined audit practices operate as Baker Tilly US, LLP (“Baker Tilly”). In connection with the notification of the merger, Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Compa…

Termination of a Material Definitive Agreement . In connection with the resignation of Matthew Burdyny described in