# Odyssey Marine Exploration Sets 1-for-25 Reverse Split as SEC Clears AOMC Merger Registration

> Odyssey Marine Exploration will cut its share count from about 58.6 million to 2.3 million on October 29, 2026, ahead of a December 2 merger vote.

- Published: 2026-10-16T12:24:08+00:00
- Section: IPOs & Listings
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-16/odyssey-marine-reverse-split-aomc-merger
- Source: [Business Wire](https://www.businesswire.com/news/home/20261016963025/en/)

## Key takeaways

- The SEC declared Odyssey Marine Exploration's Form S-4 registration statement for its merger with American Ocean Minerals Corporation effective on October 15, 2026.
- Odyssey will effect a 1-for-25 reverse stock split on October 29, 2026, reducing outstanding shares from about 58.6 million to about 2.3 million.
- Odyssey stockholders will vote on merger-related proposals at a special meeting on December 2, 2026, and the combined company is expected to trade as AOMC.

[Odyssey Marine Exploration](https://akta.pro/company-profiles/00056ns/odyssey-marine-exploration) will effect a 1-for-25 reverse stock split on October 29, 2026, after the SEC declared its merger registration statement effective on October 15, 2026, the company said in a [Business Wire](https://www.businesswire.com/news/home/20261016963025/en/) announcement. The split reduces outstanding shares from about 58.6 million to about 2.3 million.

## Odyssey Marine's Reverse Split and Merger Vote

Odyssey Marine Exploration, an ocean exploration and marine mineral development company, said the SEC declared effective its registration statement on Form S-4 relating to the proposed merger with [American Ocean Minerals Corporation](https://akta.pro/company-profiles/00vqmp4/american-ocean-minerals-corporation). The company plans to hold a special meeting of stockholders on December 2, 2026, to vote on proposals related to the merger, including the issuance of Odyssey common stock in connection with the merger and related transactions as required by applicable Nasdaq Listing Rules.

Odyssey's Board of Directors unanimously recommends that stockholders vote in favor of all proposals presented at the special meeting, following the unanimous recommendation of Odyssey's Special Transaction Committee with respect to relevant proposals. The reverse stock split was previously approved by Odyssey stockholders and is not subject to approval at the special meeting.

The reverse stock split is intended to increase the trading price of Odyssey's common stock and reduce stockholder transaction costs. The merger agreement between Odyssey and AOMC requires Odyssey to use reasonable best efforts to effect the reverse stock split, and completion of the split is a condition to the obligation of certain investors to provide financing to AOMC and Odyssey to fund the operations of the combined company following merger completion.

American Ocean Minerals Corporation is establishing a U.S.-based global supply chain for critical minerals and rare earth elements sourced from polymetallic nodules. In August 2026, AOMC announced the appointment of Paul Warmé as Chief Financial Officer, bringing over 25 years of experience in global mining and industrial finance, according to Gurufocus.

## Odyssey Marine's Funding and Deal Records

Odyssey Marine Exploration announced a definitive all-stock merger with American Ocean Minerals Corporation valued at approximately $1 billion in April 2026, according to [akta.pro company records](https://akta.pro/company-data). The transaction includes a private placement of more than $150 million from institutional and strategic investors, with an $850 million pre-money and $1 billion post-money valuation.

| Figure | Amount |
| --- | --- |
| Merger value | Approximately $1 billion |
| Private placement | $150 million+ |
| Pre-money valuation | $850 million |
| Post-money valuation | $1 billion |
| Total equity capital | Over $230 million |
| Expected combined cash at closing | Approximately $175 million |

## Odyssey Marine's Earlier 2026 Events

Odyssey Marine Exploration reported a 45% narrowing of its net loss to $9.43 million for the second quarter of 2026, despite a 42.3% decline in revenue to $77,855, according to AInvest. In September 2026, Markets Daily reported that Lundin Mining beats Odyssey Marine Exploration on 10 of 13 factors, including profitability and analyst ratings, with Lundin Mining posting higher revenue of $4.05 billion versus $184 million and net income of $1.28 billion versus negative $43 million.

## Odyssey Marine's Next Steps

The definitive proxy statement/prospectus for the merger transaction will be mailed to stockholders of Odyssey beginning on or about October 21, 2026. The reverse stock split record date is October 26, 2026, and Odyssey's common stock will begin trading on a reverse stock split-adjusted basis when the market opens on October 29, 2026. Following completion of the merger, Odyssey is expected to be renamed "American Ocean Minerals Corporation," and the common stock of the combined company is expected to trade on Nasdaq under the symbol "AOMC."

## Companies in this story

- [Odyssey Marine Exploration company profile](https://akta.pro/company-profiles/00056ns/odyssey-marine-exploration) · website: https://www.odysseymarine.com
- [American Ocean Minerals Corporation company profile](https://akta.pro/company-profiles/00vqmp4/american-ocean-minerals-corporation) · website: https://www.aomusa.com

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