Ocean Power Technologies Receives NYSE Notice, Files Overdue Form 10-K

What Happened

• On August 14, 2026, Ocean Power Technologies, Inc. (OPTT) was notified by NYSE Regulation that it was not in compliance with NYSE American timely filing standards after missing the extended deadline of August 13, 2026 for its Annual Report on Form 10‑K for the year ended April 30, 2026.
• Under Section 1007 of the NYSE American Company Guide, the Company faced an Initial Cure Period of six months (until February 13, 2027) to file the Form 10‑K (and could possibly receive an additional six‑month cure period at the Exchange’s discretion). During any cure period, shares would trade with a “.LF” late filer indicator.
• The Company filed the Form 10‑K on August 19, 2026. As a result, the compliance failure was cured and the Company’s common stock will not trade with the late filer (".LF") indicator. A press release dated August 20, 2026 was filed as an exhibit.

Key Details

• Filing missed: Annual Report on Form 10‑K for fiscal year ended April 30, 2026; extended due date was August 13, 2026.
• NYSE notice date: August 14, 2026; Initial Cure Period would have extended to February 13, 2027.
• Cure action: OPTT filed the Form 10‑K on August 19, 2026, eliminating the late filer status.
• Exhibit: Press release dated August 20, 2026 filed as Exhibit 99.1.

Why It Matters

• For investors, the immediate risk of NYSE delisting tied solely to the late 10‑K filing has been removed because OPTT filed the required report on August 19, 2026.
• A delayed SEC filing can temporarily affect trading indicators, investor confidence and access to market information; filing the 10‑K restores normal disclosure status and removes the “.LF” marker from the stock.
• Shareholders should review the newly filed Form 10‑K for the company’s updated financial results and risk disclosures to understand any underlying reasons for the filing delay and the company’s current financial condition.