Odyssey Marine Exploration (OMEX) Proxy Filing summary

Executive summary

• Confirmed sufficient operational funding for 2025, supported by proceeds from a Securities Purchase Agreement and prior funding arrangements.

• Welcomed a new Executive Order prioritizing rapid development of U.S. offshore critical minerals, aligning with ongoing projects in battery metals and phosphates.

• Maintains flexibility to access capital markets via an effective universal shelf registration statement, with no current plans to issue securities.

• Proprietary research program has identified and ranked subsea mineral targets globally, with a focus on U.S. waters.

Voting matters and shareholder proposals

• Proxy statement includes a proposal for a potential reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement, subject to shareholder approval.

• Proposal to increase authorized common stock from 75 million to up to 150 million shares, or a lesser number as determined by the Board, also subject to shareholder approval.

Board of directors and corporate governance

• Board retains discretion to determine the final number of authorized shares if the increase is approved.