Odyssey Marine Exploration Inc. Converts $1M Debt into 909,090 Shares and Sells 4,018,033 Shares for $4.42M

Reuters08-02

Odyssey Marine Exploration Inc. Converts $1M Debt into 909,090 Shares and Sells 4,018,033 Shares for $4.42M

Odyssey Marine Exploration Inc. has recently engaged in significant share transactions with institutional and accredited investors. On March 6, 2023, the company issued $14.0 million in promissory notes and warrants to purchase 3,703,704 shares of common stock. Subsequently, on December 23, 2024, they sold 7,377,912 shares of common stock to accredited investors under a Securities Purchase Agreement. Investors also have the option to buy an additional 7,220,141 shares at $1.10 per share. In late July 2025, $1,000,000 of indebtedness was converted into 909,090 shares, and investors purchased 4,018,033 additional shares for $4,419,836. After these transactions, Odyssey Marine has 39,134,525 shares outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Odyssey Marine Exploration Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-171689), on August 01, 2025, and is solely responsible for the information contained therein.

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