Brief: Odyssey Marine Exploration Secures Strategic Debt Financing Deal

Odyssey Marine Exploration

04/12/2023 23:30

Dec 5 (Reuters) - Odyssey Marine Exploration Inc
 OMEX.O :
    * ODYSSEY MARINE EXPLORATION SECURES STRATEGIC DEBT
FINANCING DEAL
    * ODYSSEY MARINE EXPLORATION - FACILITY PROVIDES CO WITH
CAPITAL
TO CONTINUE TO EXECUTE PROJECT PLANS AND STRATEGIC INITIATIVES
THROUGH Q1 OF 2024
    * ODYSSEY MARINE EXPLORATION INC - AGREEMENT PROVIDES FOR
ISSUANCE
OF PROMISSORY NOTES WITH AN 11.0% ANNUAL INTEREST RATE, TOTALING
UP TO $6.0 MILLION
    * ODYSSEY MARINE EXPLORATION - ENTERED INTO NOTE & WARRANT
PURCHASE AGREEMENT WITH SEVERAL OF CO'S LARGEST INSTITUTIONAL
INVESTORS ON DECEMBER 1, 2024

Source text for Eikon:  ID:nBw9H2B8Ma 
Further company coverage:  OMEX.O 

 ((Reuters.Briefs@thomsonreuters.com))