Ocean Power Technologies Inc (NYSE American: OPTT) has filed a prospectus registering the resale of 366,162 shares of common stock. These shares were originally issued as consideration in an acquisition completed in June 2026.

The selling stockholders, including their partners, pledgees, donees, and successors-in-interest, may offer the common stock through public or private transactions at prevailing market prices or privately negotiated rates.

No proceeds for company

Ocean Power Technologies stated that while it will incur expenses related to the registration of these securities, it will not receive any proceeds from the sale of shares by the selling stockholders.

The company's common stock is quoted on the NYSE American under the symbol "OPTT." The last reported sale price on September 22, 2026, was $2.12 per share.

Ocean Power Technologies (NYSE: OPTT) deployed three classes of its WAM-V unmanned surface vessels across five distinct mission sets at REPMUS 2026. The exercise, led by the Portuguese Navy in collaboration with NATO and the European Defense Agency, tested multi-domain interoperability under realistic operational conditions.

The company’s vessels were the only U.S. unmanned surface systems to integrate with U.S. command and control during the multinational robotic experimentation exercise. This integration highlights the operational readiness of the platforms beyond standard demonstration environments.

Mission Execution Details

The deployment covered five specific mission sets: rapid environmental assessment, mine countermeasures, harbor security, surveillance and reconnaissance, and above-water warfare. Each vessel class performed specialized tasks aligned with these objectives.

The WAM-V 8 was beach-launched ahead of amphibious operations to support landing and raiding forces. The WAM-V 16 focused on mine countermeasures in critical harbor approaches. The WAM-V 22 handled intelligence, surveillance, and reconnaissance alongside above-water warfare duties.

Strategic Integration

A WAM-V 22 was also employed to train U.S. Navy and Marine Corps personnel in basic autonomous operations. This training component underscores the platform’s role in capacity building for allied forces.

Jason Weed, Chief Operating Officer of Ocean Power Technologies, emphasized the operational nature of the deployment. He noted that the vessels were tasked within an existing operational picture rather than being on display. This approach demonstrates the capability customers are purchasing for real-world maritime operations.

What the Numbers Show

The simultaneous operation of three distinct vessel classes across five diverse mission sets indicates a high degree of platform versatility. The exclusive integration with U.S. command and control among U.S. unmanned surface vessels suggests a competitive advantage in interoperability standards for allied maritime operations.