Odyssey Marine Exploration (NASDAQ:OMEX) and American Ocean Minerals announced on April 8, 2026, that they have entered into a definitive merger agreement to combine their businesses, creating a premier platform for deep-sea critical minerals research and resource extraction.
The transaction values the combined entity at approximately $1 billion.
The merger is supported by a significant capital infusion, including a private placement of over $150 million from a group of prominent institutional and strategic investors.
This follows a $75 million pre-public financing round successfully completed by AOMC in February 2026.
Upon the closing of the transaction, the combined company will adopt the American Ocean Minerals Corporation name and is expected to list on the Nasdaq under the new ticker symbol “AOMC.”
The closing of the merger is subject to approval by the stockholders of both Odyssey and AOMC, as well as customary regulatory clearances and Nasdaq listing requirements.