SCHEDULE 13G/A: FourWorld Capital Management and John Addis Disclose 5.1% Passive Stake in Odyssey Marine Exploration
Beneficial Ownership Disclosure
FourWorld Capital Management LLC and John Addis have jointly disclosed a 5.1% passive beneficial ownership stake in Odyssey Marine Exploration Inc., totaling 1,102,318.53 shares of common stock as of December 31, 2024.
Summary
- FourWorld Capital Management LLC and John Addis (collectively, the "Filers") have filed a Schedule 13G, indicating beneficial ownership in Odyssey Marine Exploration Inc.
- As of December 31, 2024, the Filers collectively beneficially own 1,102,318.53 shares of Odyssey Marine Exploration Inc. Common Stock.
- This ownership represents 5.1% of the issuer's outstanding common stock.
- The Filers have shared voting power and shared dispositive power over all 1,102,318.53 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative operational or financial news for the issuer. Its sentiment is neutral.
Positives
- The disclosure of a 5.1% beneficial ownership stake by FourWorld Capital Management LLC and John Addis indicates a significant investment by an institutional entity and an individual investor.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the issuer's future performance or operations.
Management Comments
- FourWorld Capital Management LLC and John Addis certified that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
This Schedule 13G filing is a standard regulatory disclosure of a passive ownership stake and does not provide specific insights into broader industry trends or competitive landscape for Odyssey Marine Exploration Inc.
Stakeholder Impact
- Shareholders will be informed of a new significant passive investor, FourWorld Capital Management LLC and John Addis, holding a 5.1% stake in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement (beneficial ownership threshold crossed). |
| 02/14/2025 | Date of signature and filing of the Schedule 13G. |
| 02/24/2025 | Date of the Joint Filing Agreement between FourWorld Capital Management LLC and John Addis. |
Keywords
Odyssey Marine Exploration, FourWorld Capital Management, John Addis, Schedule 13G, Beneficial Ownership, Common Stock, Investment, SEC Filing
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