Odyssey Marine

Odyssey Marine Exploration (OMEX.US) traded sharply lower during the regular session, falling 5.6% from the prior close of $0.8298 to $0.7832 as of 11:14 ET, after a modest pre-market gain of 0.82% to $0.8200. The stock has been under pressure since announcing its merger with American Ocean Minerals, which included a $156M PIPE, registration statement filing, and a commitment from Two Seas Capital (9.99% stake) to support the deal. The session low of $0.7832 is the lowest since March 30, 2026, and represents an 82.3% decline from the 52-week high of $4.43. Q1 2026 revenue plunged 83.33% y/y to just $22.5K, while net profit of $347K swung from a loss but was boosted by non-recurring items; operating loss widened to $6.4M, and EPS of -$0.0364 fell 403% y/y. The stock remains well below its MA20 ($0.901) and MA60 ($1.023), with a YTD drop of 64.07%. However, after-hours trading saw the price recover to $0.8526, up 8.8% from the close, suggesting some bargain hunting.