SCHEDULE: Capital Latinoamericano Group Discloses 11.64% Stake in Odyssey Marine Exploration
Beneficial Ownership Disclosure
Capital Latinoamericano, S.A. de C.V., along with its subsidiary and sole manager, reported beneficial ownership of 11.64% of Odyssey Marine Exploration, Inc.'s common stock.
Summary
- Capital Latinoamericano, S.A. de C.V., Promotora de Inversiones Caplat Espana, S.L., and Juan Antonio Carlos Cortina Gallardo collectively beneficially own 3,931,466 shares of Odyssey Marine Exploration, Inc. Common Stock.
- This represents 11.64% of the company's outstanding common stock.
- The ownership includes shares acquired through a securities purchase agreement dated December 23, 2024, and subsequent exercises of purchase rights.
- The percentage is calculated based on 31,335,539 shares outstanding as of May 7, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q, plus 2,428,747 shares of Common Stock issued to the reporting persons pursuant to the right to purchase under the Purchase Agreement.
Sentiment
Score: 6
Explanation: The filing is a factual disclosure of a significant beneficial ownership stake. The acquisition of a substantial percentage (11.64%) by an investment group, stemming from a securities purchase agreement, can be viewed positively as it represents a notable investment and potential vote of confidence in the company. However, it's a standard regulatory filing without explicit positive or negative operational news.
Positives
- A significant investment by a foreign entity and its principal indicates confidence in the company's prospects.
- Increased institutional ownership can provide stability and potentially attract further investment interest.
Future Outlook
No forward-looking statements or guidance are provided in this beneficial ownership disclosure.
Industry Context
This filing indicates a significant investment by a foreign entity in Odyssey Marine Exploration, Inc., a company known for marine exploration. While the filing itself does not provide broader industry context, such an investment could signal confidence in the marine exploration sector or the specific strategic direction of Odyssey Marine Exploration.
Comparison to Industry Standards
- This filing is a disclosure of beneficial ownership and does not contain information suitable for comparison to industry-specific operational or financial benchmarks. It details a substantial stake acquired by a specific investment group but does not offer comparative performance data.
Related Party Transactions
- Promotora de Inversiones Caplat Espana, S.L. is a wholly-owned subsidiary of Capital Latinoamericano, S.A. de C.V.
- Juan Antonio Carlos Cortina Gallardo is the sole manager and shareholder of Capital Latinoamericano, S.A. de C.V., establishing a related party relationship among the reporting persons regarding their collective beneficial ownership.
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a new institutional investor could be perceived positively, potentially signaling confidence in the company's future and attracting further investment interest.
- Company Management: The new substantial shareholder may seek to engage with management, potentially influencing strategic decisions, although the filing states the acquisition was not for the purpose of changing or influencing control.
Key Dates
| Date | Description |
|---|---|
| 2024-12-23 | Odyssey Marine Exploration, Inc. entered into a securities purchase agreement with Capital Latinoamericano, S.A. de C.V. |
| 2025-04-25 | Right to purchase additional shares under the Purchase Agreement became exercisable. |
| 2025-05-07 | Date as of which 31,335,539 shares of Common Stock were issued and outstanding, as reported in the Issuer's Form 10-Q. |
| 2025-05-12 | Date Issuer's Quarterly Report on Form 10-Q was filed with the SEC. |
| 2025-07-25 | Capital Latinoamericano, S.A. de C.V. assigned its remaining right to purchase shares under the Purchase Agreement to Promotora de Inversiones Caplat Espana, S.L. |
| 2025-07-29 | Capital Latinoamericano, S.A. de C.V. contributed 1,991,998 shares of Common Stock to Promotora de Inversiones Caplat Espana, S.L. |
| 2025-07-31 | Promotora de Inversiones Caplat Espana, S.L. purchased additional shares pursuant to the right to purchase shares under the Purchase Agreement; also the signing date of the Schedule 13G. |
Keywords
Odyssey Marine Exploration, Capital Latinoamericano, Promotora de Inversiones Caplat Espana, Juan Antonio Carlos Cortina Gallardo, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Investment, Stake
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