SCHEDULE 13G/A: Two Seas Capital Maintains Significant 9.99% Stake in Odyssey Marine Exploration

Two Seas Capital LP, along with its general partner Two Seas Capital GP LLC and Chief Investment Officer Sina Toussi, has filed an Amendment No. 7 to Schedule 13G, reaffirming their beneficial ownership of 9.99% of Odyssey Marine Exploration, Inc.'s common stock as of March 31, 2025.

Summary

• Two Seas Capital LP, Two Seas Capital GP LLC, and Sina Toussi (collectively, the "Reporting Persons") beneficially own 2,953,690 shares of Odyssey Marine Exploration, Inc. common stock.
• This ownership represents 9.99% of the issuer's common stock, calculated based on 29,161,833 shares outstanding as of March 31, 2025.
• The beneficially owned shares include 2,549,049 shares held directly by the Two Seas Global (Master) Fund LP and 404,641 shares obtainable within 60 days through the exercise of warrants and purchase rights, subject to beneficial ownership limitations.
• The Reporting Persons, through Two Seas Capital LP's role as investment adviser and general partner, and Sina Toussi's role as Chief Investment Officer and Managing Member, hold sole voting and sole dispositive power over these shares.
• The filing is an Amendment No. 7 to a Schedule 13G, indicating an ongoing reporting of a passive investment stake.

Sentiment

Score: 5

Explanation: A routine beneficial ownership filing (Schedule 13G) that primarily reports a factual ownership stake without providing new operational or financial performance details, thus maintaining a neutral sentiment.

Positives

• The continued significant stake (9.99%) by Two Seas Capital may signal ongoing confidence in Odyssey Marine Exploration, Inc. from a notable institutional investor.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's operations or financial performance.

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment firm and does not provide specific insights into broader industry trends or competitive dynamics within the marine exploration sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake in the company, confirming a stable ownership structure from this entity.

Next Steps

• The Reporting Persons will continue to comply with SEC filing requirements for beneficial ownership as their stake in Odyssey Marine Exploration, Inc. changes or if their investment intent shifts.

Key Dates

Keywords

Odyssey Marine Exploration, Two Seas Capital, Beneficial Ownership, Schedule 13G, Common Stock, Investment Management, Institutional Investor