AOMC and Odyssey advance merger with SEC filing

American Ocean Minerals Corporation (AMOC) and Odyssey Marine Exploration person moved guardant with their planned merger by filing a registration connection connected Form S-4 with the US Securities and Exchange Commission (SEC).

The projected merger agreement, signed past month, values the combined entity astatine astir $1bn successful equity.

This all-stock transaction volition impact exchanging AOMC’s existing communal banal and warrants for those of Odyssey.

The merger volition found a large level for captious minerals and uncommon earths, focusing connected deep-sea polymetallic nodule exploration and development.

Ahead of this merger, AOMC secured much than $230m from organization and strategical investors, with astir $156m from backstage placement and $75.6m successful pre-public funding.

The caller institution anticipates having $175m successful currency to further exploration projects.

After the merger, the entity volition run arsenic American Ocean Minerals Corporation and volition commercialized connected Nasdaq nether the ticker 'AOMC'.

The projected transaction aims to found an expanded marine captious minerals level by merging Odyssey's operational expertise and nationalist institution model with AOMC's fiscal resources and strategical investments successful a divers marine mineral portfolio.

AOMC CEO Mark Justh said: “As we determination done the SEC reappraisal process, our absorption remains connected disciplined execution crossed the technical, environmental, permitting and commercialized enactment streams required to physique this liable captious mineral platform.

“This filing provides Odyssey shareholders a much implicit ground to recognize our assets, regulatory pathways, superior structure, method enactment streams and concern program and demonstrates thoroughly the fiscal and strategical merits of our projected transaction.”

AOMC is leveraging a multi-jurisdictional plus basal with a phased commercialisation strategy.

The level is acceptable to impact interests tied to Cook Islands exploration licences managed by CIC and Ocean Minerals' subsidiary Moana Minerals.

It besides includes US task areas being developed done AOM Area-1 and AOM Area-2 nether the Deep Seabed Hard Mineral Resources Act, overseen by the National Oceanic and Atmospheric Administration.

The boards of directors of some companies, on with Odyssey's peculiar transaction committee, person unanimously approved the merger agreement.

The transaction is acceptable to beryllium completed successful the precocious 2nd 4th (Q2) oregon aboriginal Q3 of 2026.

It is contingent upon the effectiveness of the registration connection by the SEC, stockholder approvals from Odyssey and AOMC, regulatory consents, palmy listing exertion of the merged company, and different modular closing conditions.