Mergers & Acquisitions ·
Ocean Power Technologies, Inc. announced on August 17, 2026, that its Board of Directors has initiated a review of…
OPTTOcean Power Technologies, Inc.
Ocean Power Technologies, Inc. announced on August 17, 2026, that its Board of Directors has initiated a review of strategic alternatives to maximize stockholder value. The company retained Bowen, Inc. as financial advisor and intends to consider options to accelerate growth, expand market access, and strengthen its financial position. Day-to-day operations will continue without interruption. Ocean Power Technologies operates in the maritime technology sector, providing intelligent solutions for defense, security, oil and gas, science, and offshore wind markets.