UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
In December 2015, Odyssey Marine Exploration, Inc. (“Odyssey”) sold substantially all the assets related to its shipwreck business to a third-party purchaser. The assets sold included Odyssey’s proprietary shipwreck database and research library, and Odyssey retained a residual economic interest in certain of the shipwrecks. Odyssey, the purchaser, and an entity controlled by Mark B. Justh, Odyssey’s lead outside director, entered into a separate arrangement related to one of the shipwrecks.
On May 3, 2024, Odyssey received a payment of approximately $9.4 million arising from its residual economic interest in one of the shipwrecks. The entity controlled by Mr. Justh also received a payment arising from the shipwreck.
The information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act, or the Exchange Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ODYSSEY MARINE EXPLORATION, INC. | ||||||
| Dated: May 6, 2024 | By: | /s/ Mark D. Gordon | ||||
| Mark D. Gordon | ||||||
| Chief Executive Officer | ||||||