---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-292041"
form_type: "8-K"
ticker: "OMEX"
cik: "0000798528"
company_name: "ODYSSEY MARINE EXPLORATION INC"
filed_at: "2021-10-05T23:59:59+00:00"
generated_at: "2026-06-28T23:12:32.358211+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Odyssey settles ~$14.5M debt with Monaco; issues stock, pays cash

## Summary
- Canceled $14.5M in principal and accrued interest; issued 984,848 shares at $6.60 and paid $500K cash.
- Remaining $2.5M due by Dec 1, 2021; Monaco may convert to shares at floor $4.95 or 90% of VWAP.
- Odyssey expects proceeds from a shipwreck project within 60 days to cover the $2.5M payment.
- Relinquished right to future proceeds from certain Monaco shipwreck projects as part of settlement.
- CEO called settlement a 'watershed moment'; company focuses on subsea mineral projects (ExO, Lihir, CIC).

## SEC filing metadata
- accession: 0001193125-21-292041
- form_type: 8-K
- ticker: OMEX
- cik: 0000798528
- company_name: ODYSSEY MARINE EXPLORATION INC
- filed_at: 2021-10-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/798528/000119312521292041/0001193125-21-292041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/798528/000119312521292041/d208396d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-292041
- JSON: https://secwatch.observer/filing/0001193125-21-292041.json
- Plain text: https://secwatch.observer/filing/0001193125-21-292041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.