Ocean Power Technologies to execute 1-for-30 reverse stock split

Tech Written by: Angela Harmantas 08:32 Fri 11 Sep 2026 --> Proactive has a commercial relationship with Ocean Power Technologies Inc. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Ocean Power Technologies Inc ( NYSE-A:OPTT ) View Price & Profile Ocean Power Technologies to execute 1-for-30 reverse stock split Published: 08:32 11 Sep 2026 EDT Ocean Power Technologies Inc (NYSE-A:OPTT) will carry out a 1-for-30 reverse stock split, with shares trading on a split-adjusted basis starting September 14, 2026. The company said the split is meant to raise its per-share price and improve marketability and liquidity. Every 30 existing shares will be combined into one. No fractional shares will be issued; holders otherwise due a fraction will instead get one whole share. Ownership percentages stay unchanged, and stockholders need not take any action. Outstanding warrants and other derivatives will adjust automatically per their terms. After the split, OPT expects roughly 9.1 million shares outstanding. The split also triggered a proportional adjustment to the purchase price of preferred stock rights under the company's Section 382 Tax Benefits Preservation Plan with Computershare Trust Company as rights agent. The purchase price rose from $2.25 to $67.50 per one-thousandth of a share of Series A Participating Preferred Stock, reflecting the 30-to-1 ratio. The fraction of preferred stock per right and the one-right-per-share ratio remain unchanged. Continue reading