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Stock impact report

This Microcap Just Engineered a Billion-Dollar Merger on the Ocean Floor [Globe and Mail, The (Toronto, Canada)]

Odyssey Marine Exploration, Inc. (OMEX) 
US:NASDAQ Investor Relations: ir.odysseymarine.com/investor-relations
From battery metals to rare earth elements, governments and corporations alike are scrambling to lock in long-term supply, opening the door for unconventional sources including the vast, largely untapped resources found on the ocean floor. Shares of Odyssey Marine Exploration, Inc. ( NASDAQ: OMEX ) are surging Wednesday, climbing 80.4% to $1.50, after the company announced a transformative merger that positions it at the center of the deep-sea critical minerals market. Odyssey has entered into a definitive agreement to merge with American Ocean Minerals Corporation (AOMC) in a deal that creates a U.S.-controlled deep-sea resource platform with a pro forma equity value of approximately $1 billion. The combined entity is expected to operate under the AOMC name and trade on Nasdaq, pending shareholder and regulatory approvals. The transaction is backed by substantial capital, including more than $150 million in private placement funding from institutional and strategic investors, a Show less Read more
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