Possible new OMEX shares

OMEXDilution

Known so far: no new shares from the prospectus covers read · shelf room about $12.8M · not yet read: ATM.

Shelf room

  • Room today about $12.8M
  • One third of float $12.8M ($38.3M float, Jun 30, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $12.8M on the S-3 of Apr 1, 2025: the baby-shelf rule (public float under $75M) caps sales at one third of the $38.3M public float stated as of Jun 30, 2025, $12.8M, nothing sold off it in the last 12 months. Sources: S-3 Apr 1, 2025, effective Apr 21, 2025 · public float, as of Jun 30, 2025.

What could become new Odyssey Marine Exploration (OMEX) shares: warrants, convertible notes and options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.

OMEX dilution ladder

Every source of new shares on record, from the filings that created it.

2.3M outstanding; up to 2.7M fully diluted, +16%

  1. Outstandingas of Oct 29, 2026 (10-Q filed Nov 2) · share count on the cover page
    2.3M
  2. Warrants271K10-Q Nov 2, 2026 · securities left out of diluted EPS
    +271K
  3. Convertible notes0 shares10-Q Nov 2, 2026 · securities left out of diluted EPS
    +0
  4. Options and RSUs97K options10-Q Nov 2, 2026 · equity note
    +97K

Not stated in the filings we read: an ATM program.

Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.

Shares outstanding

2.3M

Mar 2025 to Oct 2026: from 1.2M to 2.3M. Adjusted for the 1-for-25 reverse split by Oct 29, 2026: each earlier count is divided by the ratio of every split after it.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.