Odyssey Marine Exploration, Inc. announced that it has regained compliance with Nasdaq Listing Rule 5550(a)(2). The company received confirmation on May 9, 2025, from the Nasdaq Listing Qualifications staff, having maintained a closing bid price of $1.00 or higher for ten consecutive business days. This resolution closes the previously announced delisting matter, ensuring Odyssey remains listed on the Nasdaq Capital Market.
In a separate development, existing investors have invested more than $2 million into the company since April 29, 2025. This capital infusion was achieved through the exercise of options to purchase additional shares of common stock under the December 2024 Securities Purchase Agreement (SPA) and the exercise of warrants. The company has also agreed with investors on a short extension for the deadline to purchase additional shares under the SPA.
This new capital strengthens Odyssey's balance sheet and provides further financial support for its ongoing projects. Regaining Nasdaq compliance removes a significant uncertainty and maintains the company's access to public capital markets.
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