Odyssey Marine Exploration Reports Equity Sale
Ticker: OMEX · Form: 8-K · Filed: Oct 14, 2025 · CIK: 798528
Sentiment: neutral
Topics: equity-sale, unregistered-securities
Related Tickers: OMR
TL;DR
ODYSSEY MARINE EXPLORATION sold equity on Oct 7, 2025 - details TBD.
AI Summary
Odyssey Marine Exploration, Inc. reported on October 7, 2025, an unregistered sale of equity securities. The filing does not specify the number of securities sold or the aggregate offering price, but it indicates a transaction occurred on this date.
Why It Matters
This filing indicates a potential dilution of existing shares or a capital raise, which could impact the stock price and ownership structure.
Risk Assessment
Risk Level: medium — Unregistered sales of equity can signal financial distress or dilution, requiring further investigation into the terms and impact.
Key Players & Entities
- ODYSSEY MARINE EXPLORATION, INC. (company) — Registrant
- October 7, 2025 (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) — Address of Principal Executive Offices
- (813) 876-1776 (phone_number) — Registrant's telephone number
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the type of securities.
What was the aggregate price of the unregistered equity securities sold?
The filing does not disclose the aggregate price or offering price of the unregistered equity securities.
How many equity securities were sold in this unregistered offering?
The filing does not specify the number of equity securities sold.
Who purchased these unregistered equity securities?
The filing does not identify the purchasers of the unregistered equity securities.
Were these securities sold to accredited investors?
The filing does not provide details on whether the unregistered securities were sold to accredited investors.
Filing Stats: 613 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2025-10-14 16:30:22
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 shares an aggr
- $6.0 million — ") in the aggregate principal amount of $6.0 million and warrants to purchase shares an aggr
- $2,095,618 — investors converted (a) an aggregate of $2,095,618 of indebtedness under the March 2023 No
- $3,057,908 — 's common stock and (b) an aggregate of $3,057,908 of indebtedness under the December 2023
- $1.05 million — f the March 2023 Notes is approximately $1.05 million; the December 2023 Notes have been sati
Filing Documents
- d86541d8k.htm (8-K) — 24KB
- 0001193125-25-239071.txt ( ) — 135KB
- omex-20251007.xsd (EX-101.SCH) — 3KB
- omex-20251007_lab.xml (EX-101.LAB) — 18KB
- omex-20251007_pre.xml (EX-101.PRE) — 11KB
- d86541d8k_htm.xml (XML) — 4KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. As previously reported, (a) on March 6, 2023, Odyssey Marine Exploration, Inc. (the "Company") entered into a Note and Warrant 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 shares an aggregate of 3,703,710 shares of the Company's common stock, and (b) on December 1, 2023, the Company entered into a Note and Warrant Purchase Agreement with institutional investors pursuant to which the Company issued convertible promissory notes (as amended, the "December 2023 Notes") in the aggregate principal amount of $6.0 million and warrants to purchase shares an aggregate of 1,623,330 shares of the Company's common stock. On October 6, 7 and 8, 2025, investors converted (a) an aggregate of $2,095,618 of indebtedness under the March 2023 Notes into 1,516,728 shares of the Company's common stock and (b) an aggregate of $3,057,908 of indebtedness under the December 2023 Notes into 2,157,497 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 54,059,123 shares of common stock outstanding. The remaining balance of the March 2023 Notes is approximately $1.05 million; the December 2023 Notes have been satisfied in full.
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: October 14, 2025 By: /s/ Mark D. Gordon Mark D. Gordon Chief Executive Officer