OMEX 8-K
Odyssey Marine Exploration Inc (OMEX)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.02. | Termination of a Material Definitive Agreement. |
On October 18, 2024, Odyssey Marine Exploration, Inc. (“Odyssey”), Odyssey Minerals Cayman Limited, a wholly owned subsidiary of Odyssey (the “Purchaser”), and Ocean Minerals, LLC (“OML”) entered into a Termination Agreement pursuant to which the parties agreed to terminate the Unit Purchase Agreement among them dated June 4, 2023 (as amended, the “Purchase Agreement”). The terms and conditions of the Purchase Agreement material to Odyssey are set forth in Odyssey’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 5, 2023. Such terms and conditions are incorporated herein by reference. The Purchase Agreement was terminated by the mutual consent of the parties to allow the parties to negotiate a new structure for further investment by Odyssey in OML. Odyssey owns 293,399 membership interest units of OML that it purchased pursuant to the Purchase Agreement.
| Item 9.01. | Financial Statements and Exhibits. |
| (a) | Financial Statements of Businesses Acquired. |
Not applicable.
| (b) | Pro Forma Financial Information. |
Not applicable.
| (c) | Shell Company Transactions. |
Not applicable.
| (d) | Exhibits. |
None.
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: October 22, 2024 | By: | /s/ Mark D. Gordon | ||||
| Mark D. Gordon | ||||||
| Chairman and Chief Executive Officer | ||||||