ODYSSEY MARINE EXPLORATION INC

Odyssey Marine Exploration Inc. filed an amendment to its 10-Q to include Exhibits 10.5, 10.6, 10.7, and 10.8, which were inadvertently omitted from the original filing. Additionally, a new certification by the company's principal executive and financial officers was filed as Exhibit 31.2. The amendment clarifies that no financial statements or other disclosures were updated or restated.

Odyssey Marine Exploration announced a merger agreement with American Ocean Minerals Corporation (AOM), valuing the combined entity at approximately $1 billion, with completion anticipated in late Q2/early Q3 2026. For the first quarter of 2026, the company reported a net income of $0.35 million on marine services revenue of $22,500. The company continues to face a working capital deficit of $10.6 million, though the merger is expected to address going concern doubts.

Odyssey Marine Exploration Inc. and American Ocean Minerals Corporation (AOM) hosted a joint conference call on April 13, 2026. The call was held to discuss the proposed merger between the two companies, which is outlined in an Agreement and Plan of Merger dated April 8, 2026. Additionally, shares issuable under certain CIC agreements are expected to be exempt from registration.

Odyssey Marine Exploration, Inc. has entered into a definitive Agreement and Plan of Merger to acquire American Ocean Minerals Corporation (AOM). Under the terms, AOM will become a direct, wholly owned subsidiary of Odyssey, with each outstanding AOM common stock share converting into 4.5017 shares of Odyssey common stock. This strategic acquisition is anticipated to close in the late second to early third quarter of 2026, consolidating operations within the ocean minerals sector. The deal also includes provisions for certain AOM stockholders to receive convertible preferred stock to manage beneficial ownership limitations, and for the assumption of AOM PIPE Warrants by Odyssey.