Mergers & Acquisitions ·
SEC clears Odyssey's proposed merger with American Ocean Minerals; company announces 1-for-25 reverse stock split
OMEXOdyssey Marine Exploration Inc
The SEC declared the Form S-4 registration statement effective on October 15, 2026, clearing a major regulatory hurdle for Odyssey Marine Exploration's proposed merger with American Ocean Minerals Corporation. The combined entity will operate as a U.S.-based deep-sea critical minerals platform. Concurrently, Odyssey announced it will implement a 1-for-25 reverse stock split effective October 28, 2026, to increase the trading price of its common stock and satisfy financing conditions for the transaction. Stockholders will vote on merger-related proposals at a special meeting scheduled for December 2, 2026. Odyssey Marine Exploration is an ocean exploration and marine mineral development company.