Odyssey Marine (OMEX) Exploration announced it has secured additional funding through the exercise of investor stock purchase options, sufficient to fully fund its operations for the remainder of 2025. Since April, investors have exercised rights to purchase approximately 6.9M shares for $7.6M and exercised warrants for 460K shares for $506K. Additionally, holders converted approximately $2.5M of notes into 2.35M shares. “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,” said Mark Gordon, chairman and CEO of Odyssey Marine Exploration.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OMEX: