Odyssey Marine issues ~2M shares on conversion of $2.35M convertible notes

ODYSSEY MARINE EXPLORATION INC

Investors converted $830,846 of March 2023 Notes into 698,714 shares on Sep 3 & 11, 2025.
Investors converted $1,520,254 of December 2023 Notes into 1,279,637 shares on Aug 26, Sep 3 & 18.
Total convertible debt reduced by $2.35 million through these conversions.
After conversions, outstanding common shares total 47,616,793.
Issuance exempt from registration under Section 4(a)(2) of the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ODYSSEY MARINE EXPLORATION INC issued 698,714 shares of common stock to institutional investors for $830,846 of indebtedness.

Security: common stock
Shares: 698,714 shares
Purchaser: institutional investors
Consideration: $830,846 of indebtedness

Exact text from the filing

On September 3 and 11, 2025, investors converted an aggregate of $830,846 of indebtedness under the March 2023 Notes into 698,714 shares of the Company’s common stock.

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ODYSSEY MARINE EXPLORATION INC issued 1,279,637 shares of common stock to institutional investors for $1,520,254 of indebtedness.

Security: common stock
Shares: 1,279,637 shares
Purchaser: institutional investors
Consideration: $1,520,254 of indebtedness

Exact text from the filing

On August 26 and September 3 and 18, 2025, investors converted an aggregate of $1,520,254 of indebtedness under the December 2023 Notes into 1,279,637 shares of the Company’s common stock.

View on SEC.gov

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ODYSSEY MARINE EXPLORATION INC filing history →

Source: SEC EDGAR

accession 0001193125-25-213431

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