Ocean Power Technologies, Inc. (OPTT): Entry into a Material Definitive Agreement
Ocean Power Technologies, Inc. (OPTT) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-4.1 3 ex4-1.htm EX-4.1 EXHIBIT 4.1 AMENDED AND RESTATED SECTION 382 TAX BENEFITS PRESERVATION PLAN by and between OCEAN POWER TECHNOLOGIES, INC. and COMPUTERSHARE TRUST COMPANY, N.A., as Rights Agent Dated as of June 29, 2026 TABLE OF CONTENTS Page Section 1. Definitions 2 Sec
How this was made
The 30-second read
Why it matters
By defining an “Acquiring Person” threshold (4.99% beneficial ownership) and setting rights/exercise/redemption mechanics, the plan is designed to reduce the probability of an ownership change that would impair tax benefit utilization.
Market read
This is a defensive corporate action aimed at protecting tax assets; it may influence takeover/ownership-change dynamics more than near-term operating outlook.
What to watch
Traders may still watch for any concurrent disclosures (13D/13G, large stake changes, or board actions) that could indicate the plan is responding to emerging ownership pressure.
Background
The company amends and restates its prior (2023) Section 382 tax benefits preservation plan to preserve the ability to use generated tax benefits if an “ownership change” occurs.
Ticker impact
Ocean Power Technologies filed an 8-K disclosing it entered into an amended and restated Section 382 tax benefits preservation plan with Computershare as rights agent.
Likely limited near-term price impact; could modestly affect takeover/ownership-change risk premium rather than fundamentals.
The filing is a corporate governance/tax-asset protection mechanism (rights plan) rather than earnings, guidance, or a transaction; without deal terms or ownership-change triggers, the immediate trading signal is usually modest.
Market effects
Rights-plan/tax-benefits preservation structures can signal balance-sheet tax-asset value, but typically do not change sector fundamentals.
None indicated; this is company-specific US tax planning.
Minimal; Section 382 is US-focused and the filing does not describe cross-border operational changes.
Counterpoint
Because the plan is primarily protective and may not reflect any imminent ownership-change event, the market may discount it quickly.
Key entities
- companyOcean Power Technologies, Inc.
Subject of the 8-K; entered into an amended and restated Section 382 tax benefits preservation plan.
- rights_agentComputershare Trust Company, N.A.
Rights agent appointed under the amended and restated plan.
