secwatch.observer — SEC 8-K summary
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Issuer:     ODYSSEY MARINE EXPLORATION INC (OMEX)
CIK:        0000798528
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001193125-24-241144
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Odyssey Marine terminates Unit Purchase Agreement with Ocean Minerals to renegotiate investment
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- Terminated June 2023 Unit Purchase Agreement with Ocean Minerals LLC by mutual consent on Oct 18, 2024.
- Odyssey owns 293,399 membership interest units of OML purchased under the terminated agreement.
- Termination allows parties to negotiate a new structure for further investment by Odyssey in OML.
- No termination penalties or payments disclosed; deal restructured for future investment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798528/000119312524241144/0001193125-24-241144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798528/000119312524241144/d890683d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-241144

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