Odyssey Marine Exploration (NASDAQ: OMEX), a global subsea mineral exploration and development company, has entered into subscription agreements with certain institutional investors. The agreements include purchasing approximately 4.9 million units — worth an estimated $16.5 million — in a registered direct offering. According to the announcement, each unit will include one share of common stock and one warrant to purchase an additional share of common stock; the warrants will be exercisable any time six months after the date of issuance and before the fifth anniversary of issuance. The announcement noted that the purchase price for each unit will be $3.35 and the warrants will also have an exercise price of $3.35. The company anticipates using the funds from the registered direct offering, which was slated to close by June 10, 2022, to reduce debt and for general corporate purposes.
To view the full press release, visit https://nnw.fm/KrNUk
About Odyssey Marine Exploration Inc.
Odyssey Marine Exploration is a deep-ocean exploration pioneer engaged in the discovery, validation and development of high-value seafloor resources in a socially and environmentally responsible manner. Odyssey’s growing project portfolio includes different mineral sets in various jurisdictions around the world. Odyssey also provides marine services for private clients and governments. For more information about the company, please visit www.OdysseyMarine.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is part of the InvestorBrandNetwork
