Odyssey Marine Exploration

Odyssey Marine has filed a Form S-4 with the SEC for the announced share transaction with American Ocean Minerals Corporation that values the combined company pro forma at about $1 billion. AOMC contributed more than $230 million in investor funds; the merged company is expected to hold roughly $175 million in cash. Odyssey currently has a weak balance sheet and a market capitalization of $71.4 million; closing of the transaction and listing under the name American Ocean Minerals Corporation (ticker AOMC) is expected end of Q2/early Q3 2026, subject to SEC approval and shareholder consents. » Mere på de.investing.com

Odyssey Marine Exploration and American Ocean Minerals have agreed to a planned merger set out in a definitive agreement dated April 8, 2026, which remains subject to shareholder approval and regulatory conditions. The announcement lifted Odyssey’s stock about 41%; the transaction is valued at roughly $1 billion and includes more than $230 million of equity, including a private placement of over $150 million and a $75 million pre-financing. After closing, the combined company is expected to hold around $175 million in cash; Odyssey plans to file an S-4 registration statement and cautions about risks related to the merger. » Mere på de.investing.com

American Ocean Minerals Corporation and Odyssey Marine have signed a merger agreement to combine their businesses in a deal valuing the combined company at about $1 billion. The transaction includes an equity raise of more than $230 million (over $150 million via a private placement plus $75 million in pre‑funding) and is expected to leave the merged company with approximately $175 million in cash. Odyssey plans a 25:1 reverse stock split before the merger and intends to sell its Mexican phosphate business PHOSAGMEX to eliminate roughly $60 million of liabilities. The new company will operate as American Ocean Minerals Corporation, seek a NASDAQ listing under the ticker AOMC, and will be led by Tom Albanese (chairman) and Mark Justh (CEO); closing is expected late Q2/early Q3 2026. » Mere på de.investing.com