other material
confidence high
sentiment positive
materiality 0.75
Odyssey Marine receives $9.4M from residual shipwreck interest; director also paid
ODYSSEY MARINE EXPLORATION INC
- Received approximately $9.4 million payment from residual economic interest in shipwreck assets sold in 2015.
- Entity controlled by lead outside director Mark B. Justh also received a payment from the same shipwreck.
- Payment stems from 2015 sale of substantially all shipwreck assets, including proprietary database and research library.
- No disclosure on use of proceeds or whether additional payments are expected.