Financing ·
Odyssey Marine Exploration entered into an Amendment to its Note Purchase Agreement with American Ocean Minerals…
OMEXOdyssey Marine Exploration Inc
Odyssey Marine Exploration entered into an Amendment to its Note Purchase Agreement with American Ocean Minerals Corporation (AOM) on September 8, 2026. The amendment permits AOM to purchase an additional Initial Note of $500,000 and allows subsequent advances under both Existing Initial Notes and Pre-Closing Notes despite previously reached maximum principal limits. The aggregate principal for each note category may now exceed the original $5.0 million cap if AOM agrees in writing. These secured promissory notes bear interest at 8.0% per annum, capitalized quarterly, with a default rate of 11.0%. All outstanding amounts are due by April 8, 2027, or upon consummation of the merger between Odyssey and AOM. This company operates in the deep-sea mining and marine resource exploration industry.