regulatory
confidence high
sentiment negative
materiality 0.75
Odyssey Marine receives Nasdaq delisting notice for bid price below $1.00
ODYSSEY MARINE EXPLORATION INC
- Nasdaq notified OMEX on July 21, 2026 of non-compliance with $1.00 minimum bid price rule.
- Company has 180 days, until Jan 19, 2027, to regain compliance by closing at $1.00+ for 10 consecutive days.
- Stockholders approved reverse stock split (1:20 to 1:25) on June 1, 2026; company expects split to cure deficiency before merger with AOM.
- If not cured by Jan 19, 2027, may be eligible for additional 180-day period if other listing standards met.