Odyssey Marine issues 3.67M shares upon conversion of $5.15M in notes

ODYSSEY MARINE EXPLORATION INC

Investors converted $2,095,618 of March 2023 Notes into 1,516,728 shares on Oct 6-8, 2025.
December 2023 Notes converted $3,057,908 into 2,157,497 shares, fully satisfying that note.
After conversions, total shares outstanding are 54,059,123; March 2023 Notes balance ~$1.05M.
Issuance exempt under Section 4(a)(2) and Rule 506 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 2,157,497 shares of common stock to institutional investors for $3,057,908 of indebtedness.

Security: common stock
Shares: 2,157,497 shares
Purchaser: institutional investors
Consideration: $3,057,908 of indebtedness

Exact text from the filing

(b) an aggregate of $3,057,908 of indebtedness under the December 2023 Notes into 2,157,497 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 1,516,728 shares of common stock to institutional investors for $2,095,618 of indebtedness.

Security: common stock
Shares: 1,516,728 shares
Purchaser: institutional investors
Consideration: $2,095,618 of indebtedness

Exact text from the filing

On October 6, 7 and 8, 2025, investors converted (a) an aggregate of $2,095,618 of indebtedness under the March 2023 Notes into 1,516,728 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 0001193125-25-239071

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