Ocean Power Technologies to execute 1-for-30 reverse inventory break up

Ocean Power Technologies Inc (NYSE-A:OPTT) will perform a 1-for-30 reverse inventory break up, with shares buying and selling on a split-adjusted foundation beginning September 14, 2026.

The firm mentioned the break up is supposed to lift its per-share worth and enhance marketability and liquidity.

Every 30 present shares will probably be mixed into one. No fractional shares will probably be issued; holders in any other case due a fraction will as a substitute get one complete share.

Ownership percentages keep unchanged, and stockholders needn’t take any motion. Outstanding warrants and different derivatives will regulate robotically per their phrases.

After the break up, OPT expects roughly 9.1 million shares excellent.

The break up additionally triggered a proportional adjustment to the acquisition worth of most well-liked inventory rights beneath the corporate’s Section 382 Tax Benefits Preservation Plan with Computershare Trust Company as rights agent. The buy worth 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 most well-liked inventory per proper and the one-right-per-share ratio stay unchanged.