Odyssey Marine avoids Nasdaq delisting with rule compliance

Published 09/05/2025, 22:00
Odyssey Marine avoids Nasdaq delisting with rule compliance

Odyssey Marine Exploration, Inc., a deep-ocean exploration company with a market capitalization of $34.7 million, has regained compliance with Nasdaq’s minimum bid price requirement, avoiding delisting from the Nasdaq Capital Market. The company, headquartered in Tampa, Florida, had previously been at risk of delisting due to its stock price falling below the $1.00 minimum bid price for 30 consecutive business days, as required by Nasdaq Listing Rule 5550(a)(2). According to InvestingPro data, the stock currently trades at $1.20, showing remarkable resilience despite its historically high price volatility.

The issue came to light on November 4, 2024, when Nasdaq first notified Odyssey Marine of its non-compliance. Following this, the company was given a 180-day period to regain compliance. However, as of May 7, 2025, Odyssey Marine had not met the necessary requirements, prompting Nasdaq to schedule the company’s securities for delisting.

In an unexpected turn of events, Odyssey Marine’s fortunes changed when its common stock’s closing bid price remained at or above $1.00 per share for ten consecutive business days, from April 25 to May 8, 2025. This recovery satisfied Nasdaq’s requirements, leading to the closure of the delisting matter. The stock’s impressive performance includes a 146% surge over the past six months and a recent 12% gain in the past week. InvestingPro analysis suggests the stock may be undervalued at current levels, with 12 additional exclusive insights available to subscribers.

The company’s compliance with the Nasdaq Listing Rule 5550(a)(2) was confirmed on Friday, May 9, 2025, as disclosed in a recent filing with the Securities and Exchange Commission. Odyssey Marine did not need to appeal the initial delisting determination due to this positive development.

This news comes as a relief to Odyssey Marine and its investors, ensuring that the company’s securities will continue to trade on the Nasdaq Capital Market without interruption. Trading at a modest P/E ratio of 1.61, the company presents an interesting value proposition for investors. Want to dive deeper into Odyssey Marine’s financial health and growth potential? InvestingPro subscribers get access to comprehensive financial analysis, Fair Value estimates, and expert insights. The financial statements and exhibits sections of the filing did not contain any new applicable data and were marked as not applicable.

The company’s CEO, Mark D. Gordon, signed the SEC filing, affirming the accuracy of the reported information. This announcement is based on a press release statement.

In other recent news, Odyssey Marine Exploration, Inc. has aligned with a new U.S. Executive Order aimed at enhancing offshore mineral exploration, which could position the company to play a significant role in advancing the nation’s mineral strategy. The company has also regained compliance with Nasdaq’s financial requirements, showing a net income of $6,247,129, and continues to work towards meeting the minimum bid price requirement. Additionally, Odyssey Marine has appointed Larissa Pommeraud, a sustainability expert, to its Board of Directors, reinforcing its commitment to responsible mineral exploration and environmental sustainability. Furthermore, the company has prepared a shelf registration statement to maintain financial flexibility, allowing for potential future offerings. In related developments, TMC the metals company is poised to benefit from a potential executive order by the Trump administration promoting deep sea mining, which could enhance the company’s prospects in extracting critical metals. TMC’s focus on sustainable mining methods and its strategic positioning could align well with new regulatory frameworks. Both companies are actively engaged in efforts to support the clean energy transition and secure essential mineral resources.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.