ODYSSEY MARINE EXPLORATION INC (OMEX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 11.73% of current shares
Recent Dilution: 125.17% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
57M
Potential Supply
6.7M
Additional shares possible
Splits
None
Past 2 years

Summary

OMEX currently has 56.7M outstanding shares. with limited dilution risk as only 6.65M additional shares (11.7%) are authorized for issuance. The company has significantly diluted shareholders by 125.17% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 56.7M shares outstanding

57M 6.7M
Mar 31, 2026

10-K filing | 58.2M shares outstanding

58M 5.2M
Aug 14, 2025

8-K filing: Odyssey Marine Exploration, Inc. reports the conversion of $6,661,684 of indebtedness under the March 2023 Notes into 6,056,073 shares of the Company's common stock on August 8 and 12, 2025, resulting in 45,190,598 shares of common stock outstanding.

45M 18M
May 12, 2025

10-Q filing | 29.1M shares outstanding

29M 34M
Apr 11, 2025

RW filing: This is an RW filing to withdraw a registration statement on Form S-3 (File No. 333-272092) initially filed on May 19, 2023, which registered the offer and resale of up to 3,492,239 shares of common stock. The withdrawal is due to a subsequent Registration Statement on Form S-1 (File No. 333-284491) filed on January 24, 2025, which covers the offer and sale of the Shares and was declared effective on February 7, 2025. No securities were sold in connection with the offering.

28M 35M
Apr 11, 2025

RW filing: This is an RW filing where Odyssey Marine Exploration, Inc. is requesting to withdraw their Offering Statement on Form 1-A (File No. 024-12559) which initially proposed to offer and sell up to 12,000,000 shares of common stock.

28M 35M
Apr 08, 2025

RW filing: Odyssey Marine Exploration, Inc. is requesting to withdraw their Registration Statement on Form S-3 (File No. 333-261592) because more than three years has elapsed since the Registration Statement was declared effective.

28M 35M
Apr 08, 2025

RW filing: Odyssey Marine Exploration, Inc. requests to withdraw its Offering Statement on Form 1-A (File No. 024-12559) for the proposed offer and sale of up to 12,000,000 shares of common stock because it is ineligible to conduct an offering under Regulation A at this time.

28M 35M
Apr 08, 2025

RW filing: This is a request to withdraw the Registration Statement on Form S-3 (File No. 333-272092) initially filed on May 19, 2023, due to a subsequent Registration Statement on Form S-1 (File No. 333-284491) being declared effective on February 7, 2025, covering the offer and sale of the same shares.

28M 34M
Apr 01, 2025

S-3 filing: The company may sell common stock, preferred stock, and/or warrants with a maximum aggregate offering price of $50,000,000 from time to time.

28M 31M
Mar 31, 2025

10-K filing | 28.4M shares outstanding

28M 31M
Jan 24, 2025

S-1 filing: The filing is an S-1 form for an offering of up to 40,924,202 shares of common stock by selling stockholders. The shares are (a) issued or issuable pursuant to a securities purchase agreement, (b) issuable upon the exercise of outstanding warrants to purchase common stock or the conversion of outstanding convertible notes, and (c) issuable pursuant to certain consulting agreements.

21M 39M
Nov 13, 2024

10-Q filing | 20.7M shares outstanding

21M 0
Aug 08, 2024

10-Q filing | 20.5M shares outstanding

20M 0
Jun 10, 2024

S-1/A filing: S-1/A filing for offering of 2,030,735 shares of common stock issuable upon the exercise of outstanding warrants to purchase common stock by selling stockholders.

20M 0
May 24, 2024

S-1 filing: The selling stockholders are offering 1,623,330 shares of common stock issuable upon the exercise of outstanding warrants.

20M 0
May 20, 2024

10-Q filing | 20.4M shares outstanding

20M 0
May 17, 2024

10-K filing | 20.1M shares outstanding

20M 0
Aug 14, 2023

10-Q filing | 19.9M shares outstanding

20M 0
May 23, 2023

S-3/A filing: The selling stockholders are offering an aggregate of 3,492,239 shares of common stock issuable upon the exercise of outstanding warrants.

20M 0
May 19, 2023

S-3 filing: Registration of 3,492,239 shares of common stock issuable upon the exercise of outstanding warrants to purchase common stock by selling stockholders.

20M 0
May 12, 2023

10-Q filing | 19.9M shares outstanding

20M 0
Mar 31, 2023

10-K filing | 19.6M shares outstanding

20M 0
Nov 15, 2022

10-Q filing | 19.5M shares outstanding

19M 0
Aug 15, 2022

10-Q filing | 19.5M shares outstanding

19M 0
May 16, 2022

10-Q filing | 14.4M shares outstanding

14M 0
Mar 31, 2022

10-K filing | 13.3M shares outstanding

13M 0
Dec 10, 2021

S-3 filing: The company is filing an S-3 to offer common stock, preferred stock, and/or warrants with a maximum aggregate offering price of $100,000,000.

13M 0
Nov 15, 2021

10-Q filing | 13.3M shares outstanding

13M 0
Aug 13, 2021

10-Q filing | 13.0M shares outstanding

13M 0
May 17, 2021

10-Q filing | 12.6M shares outstanding

13M 0
Mar 31, 2021

10-K filing | 12.6M shares outstanding

13M 0
Nov 16, 2020

10-Q filing | 12.2M shares outstanding

12M 0
Aug 14, 2020

10-Q filing | 9.5M shares outstanding

9.5M 0
May 15, 2020

10-Q filing | 9.5M shares outstanding

9.5M 0
Mar 30, 2020

10-K filing | 9.3M shares outstanding

9.3M 0
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