{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-288519","form_type":"8-K","ticker":"OMEX","cik":"0000798528","company_name":"ODYSSEY MARINE EXPLORATION INC","filed_at":"2023-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.029998+00:00","generated_at":"2026-06-07T19:05:00.388533+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Odyssey Marine secures up to $6M debt financing with 11% notes and warrants","bullets":["Entered note & warrant purchase agreement for up to $6M; issued $3.75M in notes on Dec 1, 2023.","Notes bear 11.0% annual interest, first payment via PIK; maturity June 1, 2025.","Warrants: two tranches to purchase up to 1,411,765 shares at $4.25/sh and 211,565 at $7.09/sh, three-year term.","Proceeds for working capital; secured by equity in Odyssey Marine Cayman Limited.","Press release notes investors include Two Seas Capital, Four World Capital; funds bridge to NAFTA arbitration decision expected early 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-288519","json":"https://secwatch.observer/filing/0001193125-23-288519.json","markdown":"https://secwatch.observer/filing/0001193125-23-288519.md","text":"https://secwatch.observer/filing/0001193125-23-288519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/798528/000119312523288519/0001193125-23-288519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/798528/000119312523288519/d556189d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:05:00.388533+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"316d8cf23dadb4d71307203bfe0714d42b43a484","claim":"ODYSSEY MARINE EXPLORATION INC incurred loan of $3.75 million with institutional investors at 11.0% per annum maturing June 1, 2025.","evidence_excerpt":"Odyssey issued Notes in the aggregate amount of $3.75 million and related warrants on December 1, 2023.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/798528/000119312523288519/0001193125-23-288519-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$3.75 million"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"11.0% per annum"},{"label":"Maturity","value":"June 1, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"681c7129f9a771d14d3032e56ad2cdfe056b96a0","claim":"ODYSSEY MARINE EXPLORATION INC entered into Note and Warrant Purchase Agreement with institutional investors valued at aggregate principal amount of up to $6.0 million (effective 2023-12-01).","evidence_excerpt":"On December 1, 2023, Odyssey Marine Exploration, Inc. (“Odyssey”) entered into a Note and Warrant Purchase Agreement (the “Purchase Agreement”) with institutional investors pursuant to which Odyssey issued and sold to the investors (a) a series of promissory notes (the “Notes”) in the aggregate principal amount of up to $6.0 million and (b) two tranches of warrants (the “Warrants” and, together with the Notes, the “Securities”) to purchase shares of Odyssey’s common stock.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/798528/000119312523288519/0001193125-23-288519-index.htm","confidence":1.0,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"institutional investors"},{"label":"Value","value":"aggregate principal amount of up to $6.0 million"},{"label":"Effective","value":"2023-12-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}