Odyssey Marine Exploration Files 8-K with New Agreements
Ticker: OMEX · Form: 8-K · Filed: Dec 23, 2024 · CIK: 798528
Sentiment: neutral
Topics: material-agreement, financial-obligation, equity-securities
TL;DR
Odyssey Marine Exploration inks new deals, files equity sales & financials. Watch for impact.
AI Summary
Odyssey Marine Exploration, Inc. entered into a material definitive agreement on December 20, 2024, related to a direct financial obligation. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing details are for the period ending December 20, 2024.
Why It Matters
This 8-K filing indicates new financial obligations and potential equity issuances, which could impact the company's financial structure and shareholder value.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial risks and dilution concerns.
Key Players & Entities
- ODYSSEY MARINE EXPLORATION INC (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of Incorporation
- 001-31895 (identifier) — Commission File Number
- 84-1018684 (identifier) — IRS Employer Identification No.
- 205 S. Hoover Blvd., Suite 210 Tampa, Florida 33609 (address) — Business and Mail Address
FAQ
What specific material definitive agreement was entered into by Odyssey Marine Exploration?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the excerpt.
What is the nature of the direct financial obligation mentioned?
The filing states there is a creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 20, 2024.
What other types of information are included in this 8-K filing besides the material agreement?
This 8-K filing also includes information on the creation of a direct financial obligation, unregistered sales of equity securities, and financial statements and exhibits.
Where is Odyssey Marine Exploration, Inc. incorporated and what is its business address?
Odyssey Marine Exploration, Inc. is incorporated in Nevada and its business address is 205 S. Hoover Blvd., Suite 210, Tampa, Florida 33609.
Filing Stats: 2,399 words · 10 min read · ~8 pages · Grade level 11.7 · Accepted 2024-12-23 17:06:00
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share OMEX NASDAQ Capital Marke
- $0.55 — edited investors at a purchase price of $0.55 per share. The aggregate purchase price
- $4.1 million — with the transaction, was approximately $4.1 million. The issuance and sale of the shares of
- $1.10 — of common stock at a purchase price of $1.10 per share at a subsequent closing to be
- $14.0 million — ") in the aggregate principal amount of $14.0 million and warrants to purchase shares an aggr
- $2.20 — not be less than $1.10 or greater than $2.20. The AR March 2023 Notes include limita
- $3.78 — e price of the March 2023 Warrants from $3.78 to $1.10. In connection with the March
- $6 million — ") in the aggregate principal amount of $6 million and two tranches of warrants to purchas
- $4.25 — nche of the December 2023 Warrants from $4.25 to $1.23 and the exercise price of the
- $1.23 — he December 2023 Warrants from $4.25 to $1.23 and the exercise price of the other tra
- $7.09 — nche of the December 2023 Warrants from $7.09 to $2.05. In connection with the Decemb
- $2.05 — he December 2023 Warrants from $7.09 to $2.05. In connection with the December 2023 A
- $10 million — uld be entitled to a termination fee of $10 million. The JV Agreement also sets forth repre
Filing Documents
- d900879d8k.htm (8-K) — 47KB
- d900879dex1001.htm (EX-10.01) — 214KB
- d900879dex1002.htm (EX-10.02) — 59KB
- d900879dex1003.htm (EX-10.03) — 43KB
- d900879dex1004.htm (EX-10.04) — 39KB
- d900879dex1005.htm (EX-10.05) — 32KB
- d900879dex1006.htm (EX-10.06) — 38KB
- d900879dex1007.htm (EX-10.07) — 29KB
- d900879dex1008.htm (EX-10.08) — 39KB
- d900879dex1009.htm (EX-10.09) — 15KB
- d900879dex1010.htm (EX-10.10) — 127KB
- d900879dex1011.htm (EX-10.11) — 135KB
- 0001193125-24-284287.txt ( ) — 1138KB
- omex-20241220.xsd (EX-101.SCH) — 3KB
- omex-20241220_lab.xml (EX-101.LAB) — 18KB
- omex-20241220_pre.xml (EX-101.PRE) — 11KB
- d900879d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (a)
Financial Statements of Businesses Acquired
Financial Statements of Businesses Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Shell Company Transactions. Not applicable. (d) Exhibits. 10.01 Securities Purchase Agreement dated December 23, 2024. 10.02 Registration Rights Agreement dated December 23, 2024. 10.03 Amendment to Note and Warrant Purchase Agreement dated December 23, 2024. 10.04 Amended and Restated Convertible Promissory Note dated December 23, 2024. 10.05 Amendment to Warrant to Purchase Common Stock dated December 23, 2024. 10.06 Registration Rights Agreement dated December 23, 2024. 10.07 Amendment to Note and Warrant Purchase Agreement dated December 23, 2024. 10.08 Amended and Restated Convertible Promissory Note dated December 23, 2024. 10.09 Amendment to Warrant to Purchase Common Stock dated December 23, 2024. 10.10 Registration Rights Agreement dated December 23, 2024. 10.11 Joint Venture Agreement dated December 23, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. O DYSSEY M ARINE E XPLORATION , I NC . Dated: December 23, 2024 By: /s/ Mark D. Gordon Mark D. Gordon Chief Executive Officer