SC 13G/A: ODYSSEY MARINE EXPLORATION INC
Ticker: OMEX · Form: SC 13G/A · Filed: Feb 14, 2024 · CIK: 798528
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by ODYSSEY MARINE EXPLORATION INC.
Risk Assessment
Risk Level: low
Filing Stats: 1,865 words · 7 min read · ~6 pages · Grade level 10.8 · Accepted 2024-02-14 10:38:44
Key Financial Figures
- $0.0001 — er of Shares of Common Stock, par value $0.0001 per share, of Odyssey Marine Exploratio
Filing Documents
- form_odyssey_sc13g.htm (SC 13G/A) — 77KB
- 0001315863-24-000251.txt ( ) — 79KB
(a)
Item 1(a) Name of Issuer: Odyssey Marine Exploration, Inc. (the "Issuer")
(b)
Item 1(b) Address of Issuer's Principal Executive Offices: 205 S. Hoover Blvd., Suite 210 Tampa, Florida 33609
(a)
Item 2(a) Name of Person Filing: The Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons") i) Two Seas Capital LP ("TSC"); ii) Two Seas Capital GP LLC ("TSC GP"); and iii) Sina Toussi. This statement relates to Shares (as defined in Item 2(d) below) held by the Two Seas Litigation Opportunities Fund LLC (the "Litigation Fund"), Two Seas Duration Litigation Opportunities Fund LLC (the "Duration Fund") and Two Seas Global (Master) Fund LP (the "Global Fund", and together with the Litigation Fund and the Duration Fund, collectively the "Funds") and Sina Toussi. The principal business of TSC is providing investment advice as a registered investment adviser and serving as investment manager to the Duration Fund, Litigation Fund, and Global Fund. As such, TSC has been granted investment discretion over portfolio investments, including the Shares, held by or for the account of the Duration Fund, Litigation Fund, and Global Fund, including the Funds' voting and discretionary decisions. TSC GP serves as general partner of TSC. Sina Toussi serves as the chief investment officer of TSC and managing member of TSC GP.
(b)
Item 2(b) Address of Principal Business Office or, if none, Residence: The address of the principal business office of each of the Reporting Persons is 32 Elm Place—3RD Floor, Rye, New York 10580.
(c)
Item 2(c) Citizenship: i) Two Seas Capital LP is a Delaware limited partnership; ii) Two Seas Capital GP LLC is a Delaware limited liability company; and iii) Sina Toussi is a United States citizen.
(d)
Item 2(d) Title of Class of Securities: Common Stock, par value $.0001 per share (the "Shares")
(e)
Item 2(e) CUSIP No.: 676118201 Item 3 If this statement is filed pursuant to 240 13d-1(b), or 240 13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78c). (b) Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution. Item 4 (a) Amount beneficially owned: TSC- 2,082,638 shares TSC GP- 2,082,638 shares Sina Toussi - 2,082,638 shares (b) Percent of class: TSC- 9.99% TSC GP- 9.99% Sina Toussi - 9.99% (c) Number of shares as to which TSC has: (i) Sole power to vote or to direct the vote: 2,082,638 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,082,638 (iv) Shared power to dispose or to direct the disposition of: 0 Number of shares as to which TSC GP has: (i) Sole power to vote or to direct the vote: 2,082,638 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the dispositi