Odyssey Marine Exploration Converts $3.5M Debt Into 2.77M Shares Following Note Conversions

Reuters
Oct 01
Odyssey Marine Exploration Converts $3.5M Debt Into 2.77M Shares Following Note Conversions

Odyssey Marine Exploration Inc. announced that institutional investors converted $2,844,112 of debt from the March 2023 Notes into 2,236,587 shares and $684,661 of debt from the December 2023 Notes into 531,478 shares of common stock. Following these transactions, the company has 50,384,858 shares outstanding. The conversions were exempt from SEC registration. The price per share was not disclosed in the filing.

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