SCHEDULE: Greywolf Group Discloses 9.98% Stake in Odyssey Marine

A group of Greywolf entities and Jonathan Savitz have disclosed a combined beneficial ownership of 9.98% in Odyssey Marine Exploration Inc., including shares from warrant exercise.

Summary

• Greywolf Opportunities Master Fund II LP, Greywolf Advisors LLC, Greywolf Capital Management LP, Greywolf GP LLC, and Jonathan Savitz collectively reported beneficial ownership in Odyssey Marine Exploration Inc.
• The group's aggregate beneficial ownership totals 4,542,471 shares of Common Stock.
• This represents 9.98% of Odyssey Marine Exploration Inc.'s outstanding Common Stock, calculated based on 45,532,990 shares outstanding as of August 12, 2025.
• The ownership includes 342,391 warrants held by Greywolf Capital Management LP, issued on June 10, 2022, which are currently exercisable for one share each.
• The filing is a Schedule 13G, indicating a passive investment intent, not for changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a nearly 10% stake by a group of investment entities, including a master fund and investment manager, suggests a strong belief in the company's value proposition. While passive, it indicates significant capital commitment.

Positives

• Significant institutional investment by Greywolf entities, indicating confidence in Odyssey Marine Exploration Inc.
• The investment group explicitly states their intent is passive, not to influence or change control, which can provide stability.

Negatives

• No specific negative aspects related to company performance or operations are disclosed in this ownership filing.

Risks

• No specific operational or financial risks of Odyssey Marine Exploration Inc. are detailed in this beneficial ownership report.

Future Outlook

This filing does not provide future outlook or guidance.

Industry Context

This filing indicates a significant passive investment by a group of investment entities in Odyssey Marine Exploration Inc., a company likely involved in marine exploration. Such disclosures are common for institutional investors accumulating stakes in publicly traded companies, signaling their belief in the company's long-term value without seeking active management control.

Related Party Transactions

• The filing details the beneficial ownership structure where Greywolf Advisors LLC is the general partner of Greywolf Opportunities Master Fund II LP, Greywolf Capital Management LP is the investment manager of Greywolf Master Fund II, Greywolf GP LLC is the general partner of Greywolf Capital Management LP, and Jonathan Savitz is a senior managing member of Greywolf Advisors LLC and sole managing member of Greywolf GP LLC. These entities and individuals are interconnected and collectively report their beneficial ownership.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may be viewed positively, potentially increasing investor confidence and attracting further investment. It signals that a professional investment group sees value in the company.
• Company Management: Awareness of a large passive institutional investor on the shareholder register may influence strategic decisions, though the filing explicitly states no intent to influence control.

Key Dates

Recommendation

The filing indicates a significant passive investment by a reputable investment group, which can be interpreted as a vote of confidence in Odyssey Marine Exploration Inc. However, a Schedule 13G filing primarily discloses ownership and does not provide sufficient financial or operational details to warrant a 'buy' or 'sell' recommendation. Investors should consider this information as a positive signal of institutional interest but conduct further due diligence on the company's fundamentals, financial performance, and strategic outlook before making investment decisions. The passive nature of the investment means no immediate activist pressure or strategic changes are implied.

Keywords

Odyssey Marine Exploration, Greywolf, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Institutional Investor, Warrants, Marine Exploration