---
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"
generated_at: "2026-06-07T19:05:00.388533+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Odyssey Marine secures up to $6M debt financing with 11% notes and warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-288519
- JSON: https://secwatch.observer/filing/0001193125-23-288519.json
- Plain text: https://secwatch.observer/filing/0001193125-23-288519.txt

## Key facts
- Debt Financings
  ODYSSEY MARINE EXPLORATION INC incurred loan of $3.75 million with institutional investors at 11.0% per annum maturing June 1, 2025.
  - Instrument: loan
  - Principal: $3.75 million
  - Counterparty: institutional investors
  - Rate: 11.0% per annum
  - Maturity: June 1, 2025
  - Event: incurrence
  source text: Odyssey issued Notes in the aggregate amount of $3.75 million and related warrants on December 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/798528/000119312523288519/0001193125-23-288519-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: institutional investors
  - Value: aggregate principal amount of up to $6.0 million
  - Effective: 2023-12-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/798528/000119312523288519/0001193125-23-288519-index.htm

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