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Odyssey Marine amends AOM note deal, adds USD 500,000 secured promissory note purchase

PUBT·09/14/2026 21:00:52
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Odyssey Marine amends AOM note deal, adds USD 500,000 secured promissory note purchase
  • Odyssey Marine amended its note purchase agreement with American Ocean Minerals on Sept. 8, 2026, expanding access to secured promissory note funding.
  • Amendment adds a new $500,000 Initial Note purchase scheduled for Sept. 9, 2026.
  • Changes allow additional advances beyond the prior $5 million cap for Initial Notes, subject to American Ocean Minerals’ written consent.
  • Pre-Closing Notes remain capped at $5 million, unless American Ocean Minerals agrees to a higher amount in writing.
  • Notes carry 8% interest, paid quarterly by capitalizing into principal; default rate rises to 11%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Odyssey Marine Exploration Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-390736), on September 14, 2026, and is solely responsible for the information contained therein.