Odyssey Marine Secures Funding to Support Operations Through 2025

Odyssey Marine Exploration has secured additional funding through the exercise of investor stock purchase options, totaling $7.6M and $506K from warrants, and $2.5M in note conversions. The new capital will fund operations through 2025, allowing the company to execute on its strategic initiatives. The funding strengthens Odyssey's financial foundation and positions it for future success.

Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a leading ocean exploration company, has announced the securing of additional funding through the exercise of investor stock purchase options. The funding amounts to $7.6 million from stock purchases and $506,000 from warrants, along with $2.5 million from note conversions. This new capital will fully fund the company's operations for the remainder of 2025 [1].

Mark Gordon, Chairman and Chief Executive Officer of Odyssey Marine Exploration, stated, "This new capital strengthens Odyssey’s financial foundation and positions us to execute on our strategic initiatives, with funding secured through at least the remainder of 2025. The continued support from our partners underscores their confidence in our near-term plans and long-term growth trajectory. These transactions strengthen our balance sheet and enable us to advance key priorities—including current initiatives and new growth opportunities" [1].

The funding is particularly encouraging given the growing momentum in the United States offshore critical mineral development, as underscored by a recent Executive Order supporting efforts to strengthen domestic supply chains through this emerging industry. Odyssey Marine Exploration views this as meaningful progress, not just in the U.S., but also for jurisdictions around the world seeking to responsibly explore their offshore resources [1].

CEO Gordon will deliver a live presentation at the Emerging Growth Conference on August 21 at 3:10 p.m. ET, offering a strategic update on the Company’s near-term value-driving activities. Interested parties may register for the event at this link. An archived webcast will also be made available post-event on EmergingGrowth.com and on the Emerging Growth YouTube Channel [1].

Key themes of his presentation will include U.S. Policy Alignment: How Odyssey is leveraging its proprietary Global Prospectivity analysis to capitalize on the recent shift in U.S. policy supporting ocean mineral development to secure critical inputs essential to national security, energy transition, infrastructure modernization, and food security. Additionally, updates will be provided on operational progress in the Cook Islands, Mexico Phosphate Project, and other strategic projects [1].

Since April 2025, investors have elected to exercise rights to purchase approximately 6.9 million shares of Odyssey common stock for approximately $7.6 million and exercised warrants to purchase 460,000 shares for $506,000. In addition, holders of the Company’s convertible notes exercised their right to convert approximately $2.5 million of the note balances to approximately 2.35 million shares of the Company’s common stock [1].

The funding summary shows that Odyssey Marine Exploration has received over $8 million in funding for the year. Additionally, more than $2.4 million—or over 10%—of the Company’s outstanding convertible notes have now been converted into equity, reducing debt and further aligning long-term interests between Odyssey and its investors [1].

References:
[1] https://www.businesswire.com/news/home/20250804340541/en/Odyssey-Marine-Exploration-Announces-Funding-and-Continued-Progress-Across-Its-Mineral-Resource-Project-Portfolio