Item 8.01. Other Events.

On May 12th, 2021, Ocean Power Technologies, Inc. issued a press release that announced the receipt of $1.0 million in non-dilutive funding through the New Jersey Economic Development Authority's Technology Business Tax Certificate Transfer Program. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






Exhibit       Description
Number
*99.1           Press release dated May 12th, 2021 that announced the receipt of
              $1.0 million in non-dilutive funding through the New Jersey Economic
              Development Authority's Technology Business Tax Certificate Transfer
              Program.

*Furnished herewith.

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