SCHEDULE: Two Seas Capital Boosts Odyssey Marine Stake to 9.5%
Beneficial Ownership Report
Two Seas Capital LP and its affiliates reported a 9.5% beneficial ownership stake in Odyssey Marine Exploration, Inc. as of June 30, 2025.
Summary
- Two Seas Capital LP, Two Seas Capital GP LLC, and Sina Toussi collectively reported beneficial ownership of 3,154,808 shares of Odyssey Marine Exploration, Inc. Common Stock.
- This ownership represents 9.5% of the class of securities outstanding as of June 30, 2025.
- The reported shares include 1,430,769 shares held by the Two Seas Global (Master) Fund LP and 1,724,039 shares that can be obtained within 60 days through the exercise of warrants and purchase rights.
- The calculation of the 9.5% ownership is based on 31,335,539 shares outstanding on May 7, 2025, as disclosed in Odyssey Marine Exploration's Form 10-Q filed on May 12, 2025, plus shares issuable from exercisable warrants.
- Two Seas Capital LP serves as the investment manager and registered investment adviser to the Two Seas Litigation Opportunities Fund LLC and Two Seas Global (Master) Fund LP, holding investment discretion over their portfolio investments.
- Two Seas Capital GP LLC is the general partner of Two Seas Capital LP, and Sina Toussi is the chief investment officer of Two Seas Capital LP and managing member of Two Seas Capital GP LLC.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or outlook.
Positives
- Increased institutional ownership by Two Seas Capital, a registered investment adviser, may signal confidence in Odyssey Marine Exploration, Inc.
Risks
- The beneficial ownership includes shares obtainable through warrants and purchase rights, which are subject to beneficial ownership limitations, indicating potential dilution if these are fully exercised.
Future Outlook
This filing is a beneficial ownership report and does not contain forward-looking statements or guidance from the issuer or the reporting persons regarding the issuer's future performance.
Industry Context
This Schedule 13G filing is a routine disclosure of significant beneficial ownership by an investment firm, Two Seas Capital, in Odyssey Marine Exploration, Inc. It reflects an investment position rather than a strategic industry development or operational update from the company itself. Such filings are common for institutional investors crossing ownership thresholds.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake may influence investor perception and potentially share price, as it indicates a notable investment by a professional firm.
Key Dates
| Date | Description |
|---|---|
| 2025-05-07 | Date of shares outstanding calculation (31,335,539 shares) as disclosed in Issuer's Form 10-Q. |
| 2025-05-12 | Date Issuer's Form 10-Q was filed with the SEC. |
| 2025-06-30 | Date of event which requires filing of this statement (beneficial ownership snapshot). |
| 2025-08-13 | Date the Schedule 13G Amendment No. 8 was signed and filed. |
Keywords
Odyssey Marine Exploration, Two Seas Capital, Beneficial Ownership, Schedule 13G, Common Stock, Investment, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.