# ODYSSEY MARINE EXPLORATION INC (OMEX) — delisting/forced [announced]
Source: SEC API (secapi.ai) · situation sit_c4582f01f1fc009cdbc6 · retrieved 2026-08-11T15:53:11.358Z

## Overview
Odyssey Marine Exploration, Inc. is a water transportation company engaged in marine exploration activities.

On July 21, 2026, Odyssey Marine Exploration, Inc. received notice from Nasdaq that it failed to maintain the $1.00 minimum bid price requirement for 30 consecutive business days under Nasdaq Listing Rule 5550(a)(2). The company has a 180-calendar day compliance period ending January 19, 2027 to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. If the company does not regain compliance by that date, it may be eligible for an additional 180-calendar day compliance period if it meets other continued listing requirements, or Nasdaq will issue a delisting notice and the company may appeal to a hearing panel. The company expects that a previously approved reverse stock split (at a ratio of 1-for-20 to 1-for-25) will enable it to regain compliance prior to the effective time of its pending merger with American Ocean Minerals Corporation.

## Terms
- Counterparty: Nasdaq Capital Market · Price/share: $1

## Key dates
- Announced 2026-07-24 · Expiry 2027-01-19

## Timeline
- 2026-07-24 · 8-K (0001193125-26-316151): 8-K - ODYSSEY MARINE EXPLORATION INC — *Odyssey Marine Exploration, Inc. is a water transportation company engaged in marine exploration activities.* On July 21, 2026, Odyssey Marine Exploration, Inc. received notice from Nasdaq that it failed to maintain the $1.00 minimum bid price requirement for 30 consecutive business days under Nasdaq Listing Rule 5550(a)(2). The company has a 180-calendar day compliance period ending January 19, 2027 to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days. If the company does not regain compliance by that date, it may be eligible for an additional 180-calendar day compliance period if it meets other continued listing requirements, or Nasdaq will issue a delisting notice and the company may appeal to a hearing panel. The company expects that a previously approved reverse stock split (at a ratio of 1-for-20 to 1-for-25) will enable it to regain compliance prior to the effective time of its pending merger with American Ocean Minerals Corporation.
  https://www.sec.gov/Archives/edgar/data/798528/0001193125-26-316151.txt

## Citations
- 0001193125-26-316151 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526316151