OMEX, US6761182012

Odyssey Marine announces 1-for-25 reverse split for Odyssey Marine stock

Published on 10/21/2026 at 02:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SEC declared the merger filing effective on October 15, 2026. A December 2, 2026 vote covers merger proposals involving Odyssey Marine stock.

Transaction milestones

Odyssey Marine announced a 1-for-25 reverse split on October 16, 2026.
The reverse split is expected to reduce shares from 58.6 million to 2.3 million.
Shareholders will vote on merger proposals on December 2, 2026.

OMEX, US6761182012, Illustration mit AI erstellt.

Odyssey Marine Exploration (ISIN US6761182012) announced a 1-for-25 reverse stock split on October 16, 2026, with adjusted trading set for October 29, 2026, according to Fidelity. The announcement followed the SEC's October 15, 2026 effectiveness declaration for Odyssey's merger registration statement.

Three dates shape the transaction

On June 1, 2026, shareholders authorized a reverse split ratio from 1-for-20 to 1-for-25. On June 15, 2026, the board approved the final 1-for-25 ratio. On October 16, 2026, Odyssey announced the split and said adjusted trading would begin on October 29, 2026, according to FT.com.

What does the split change?

The planned consolidation is expected to reduce Odyssey's outstanding common stock from 58.6 million shares to 2.3 million shares. The company also plans to increase authorized common shares from 75 million to 82 million on October 29, 2026. The reverse split is tied to financing conditions for the proposed combination with American Ocean Minerals Corporation.

What happens before the vote?

October 26, 2026 is the record date for the reverse split, while the split-adjusted trading start is scheduled for October 29, 2026. The special shareholder meeting will take place on December 2, 2026, at 10:00 a.m. Eastern Time, when investors will vote on merger-related proposals. The transaction still requires shareholder approval and other closing conditions, according to Fidelity.

Odyssey moves toward a new structure

Odyssey's common stock is set to continue trading on the Nasdaq Capital Market under OMEX after the reverse split. If the merger closes, the combined company is expected to adopt the American Ocean Minerals Corporation name and trade under the AOMC symbol. The sequence places the capital structure change before the shareholder vote and links the split to financing for the proposed combined business.

The further course of trading is shown by the continuously updated real-time quote of Odyssey Marine Exploration stock.