Item 8.01. Other Events.



On August 21, 2020, Ocean Power Technologies, Inc. (the "Company") received notification from The Nasdaq Stock Market ("Nasdaq") that, as a result of the closing bid price of the Company's common stock being over $1.00 for 10 consecutive trading days, the Company has regained compliance with Listing Rule 5550(a)(2) to maintain the listing of its common stock on Nasdaq and Nasdaq considers the matter closed.

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