Odyssey Marine raises $16.5M in registered direct offering of common stock and warrants

ODYSSEY MARINE EXPLORATION INC

Sold 4,939,515 units at $3.35 each, each unit = 1 share + warrant to buy 1 share.
Net proceeds expected ~$15.0M after fees and expenses; closing on June 10, 2022.
Warrants exercisable from Dec 10, 2022 to June 10, 2027 at $3.35; include cashless exercise.
EF Hutton acted as exclusive placement agent with 6% fee plus 1% non-accountable expense allowance.

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