Odyssey Marine Exploration Reports Equity Sales
Ticker: OMEX · Form: 8-K · Filed: Aug 14, 2025 · CIK: 798528
Sentiment: neutral
Topics: equity-sale, unregistered-securities
TL;DR
Odyssey Marine Exploration sold unregistered equity securities on 8/8/25. Details TBD.
AI Summary
Odyssey Marine Exploration, Inc. filed an 8-K on August 14, 2025, reporting unregistered sales of equity securities that occurred on August 8, 2025. The filing does not specify the number of shares sold or the price at which they were sold, but it indicates a transaction involving the company's equity.
Why It Matters
This filing indicates that Odyssey Marine Exploration has recently sold equity, which could impact its share structure and potentially signal a need for capital.
Risk Assessment
Risk Level: medium — Unregistered sales of equity can sometimes indicate financial distress or a need for quick capital, and the lack of specific details in the initial report warrants caution.
Key Players & Entities
- Odyssey Marine Exploration, Inc. (company) — Registrant
- August 8, 2025 (date) — Date of earliest event reported
- August 14, 2025 (date) — Date of report
- Nevada (jurisdiction) — State of incorporation
- 205 S. Hoover Blvd. Suite 210 Tampa, Florida 33609 (address) — Principal Executive Offices
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the exact type of securities.
How many shares were sold in the unregistered offering?
The filing does not disclose the number of shares sold.
At what price were the equity securities sold?
The filing does not provide the price per share for the unregistered equity sale.
Who were the purchasers of these unregistered equity securities?
The filing does not identify the purchasers of the unregistered equity securities.
What is the purpose of this unregistered sale of equity securities?
The filing does not explicitly state the purpose of the unregistered sale of equity securities.
Filing Stats: 517 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2025-08-14 16:33:08
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share OMEX NASDAQ Capital Marke
- $14.0 million — ") in the aggregate principal amount of $14.0 million and warrants to purchase an aggregate o
- $6,661,684 — 25, investors converted an aggregate of $6,661,684 of indebtedness under the March 2023 No
Filing Documents
- d824503d8k.htm (8-K) — 23KB
- 0001193125-25-180836.txt ( ) — 134KB
- omex-20250808.xsd (EX-101.SCH) — 3KB
- omex-20250808_lab.xml (EX-101.LAB) — 18KB
- omex-20250808_pre.xml (EX-101.PRE) — 11KB
- d824503d8k_htm.xml (XML) — 4KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. As previously reported, on March 6, 2023, Odyssey Marine Exploration, Inc. (the "Company") entered into a Note and Warrant Purchase Agreement (as amended, the "March 2023 Purchase Agreement") with institutional investors pursuant to which the Company issued convertible promissory notes (as amended, the "March 2023 Notes") in the aggregate principal amount of $14.0 million and warrants to purchase an aggregate of 3,703,710 shares of the Company's common stock. On August 8 and 12, 2025, investors converted an aggregate of $6,661,684 of indebtedness under the March 2023 Notes into 6,056,073 shares of the Company's common stock. The issuance and sale of the shares of common stock were exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 thereunder. After giving effect to these issuances, the Company has 45,190,598 shares of common stock outstanding.
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: August 14, 2025 By: /s/ Mark D. Gordon Mark D. Gordon Chief Executive Officer