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Debt offeringSEC filing

Ocean Power Technologies Enters $373,750 Promissory Note Financing with Vanquish Funding Group

Ocean Power Technologies, Inc. entered into a Securities Purchase Agreement with Vanquish Funding Group Inc. on November 2, 2026, issuing a 12% promissory note with aggregate principal of $373,750 (including $48,750 original issue discount) for a purchase price of $325,000. The note matures on October 30, 2027 and includes mandatory monthly payments totaling $418,600 over seven installments from April through October 2027. The financing includes a conversion feature allowing the lender to convert outstanding bal...

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Debt offeringSEC filing

Ocean Power Technologies Seeks Stockholder Approval for Convertible Notes Exchange and Potential Reverse Stock Split

Ocean Power Technologies, Inc. is soliciting proxies for a special meeting on November 24, 2026 to vote on three proposals: (1) approval to issue shares upon conversion of Series D Senior Convertible Notes that would exceed 20% of outstanding common stock, requiring NYSE American Rule 713 approval; (2) authorization for a reverse stock split at a ratio not exceeding 6.6-for-1 within one year to maintain NYSE American listing; and (3) approval to adjourn the meeting if needed to solicit additional proxies. The Ex...

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