Odyssey Marine Exploration Announces Above Market $5.0 Million Registered Direct Offering of Common Stock and Warrants
Odyssey Marine Exploration, Inc. (OMEX)
US:NASDAQ Investor Relations:
ir.odysseymarine.com/investor-relations
Company Research
Source: GlobeNewswire
TAMPA, Fla., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Odyssey Marine Exploration, Inc. (NASDAQ:OMEX), a pioneer in the field of deep-ocean exploration, announced today that it has entered into agreements with a small group of institutional investors, led by large long-term holders of OMEX, to receive $5.0 million in gross proceeds in a registered direct offering through the sale of common stock and warrants consisting of 700,000 shares of the company’s common stock and 700,000 5-year immediately exercisable warrants to purchase 700,000 shares of common stock at an exercise price of $7.155 per share. If the warrants are exercised for cash in full, the company would receive additional gross proceeds of approximately $5.0 million. “This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President a
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Sec Filings
- 4/19/24 - Form 8-K
- 4/10/24 - Form 4
- 4/1/24 - Form NT
- OMEX's page on the SEC website