Greywolf group details Odyssey Marine (OMEX) equity and warrant holdings

Rhea-AI Filing Summary

Greywolf Capital Management LP, Greywolf Opportunities Master Fund II, L.P. and related entities filed an amended Form 3 for Odyssey Marine Exploration, detailing their equity and warrant holdings. Greywolf Master Fund II directly holds 6,051,932 shares of common stock. It also holds warrants exercisable into 342,391 shares of common stock at $3.35 per share expiring on December 10, 2027, Tranche I warrants for 235,294 shares at $1.23 per share expiring on December 1, 2026, and Tranche II warrants for 35,260 shares at $2.05 per share expiring on December 1, 2026. The footnotes state that Greywolf Advisors LLC, Greywolf Capital Management LP, Greywolf GP LLC and Jonathan Savitz may be deemed beneficial owners through their roles, but each disclaims beneficial ownership except to the extent of any pecuniary interest, and the entities and Savitz may be deemed a group without admitting such status. The warrants allow the issuer, at its sole discretion, to settle exercises in cash instead of issuing shares.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Greywolf Capital Management LP

(Last) (First) (Middle)

4 MANHATTANVILLE ROAD, SUITE 201

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/02/2026

3. Issuer Name and Ticker or Trading Symbol
ODYSSEY MARINE EXPLORATION INC [ OMEX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Group Owning 10%

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001 per share	6,051,932	D(1)(11)
Common Stock, par value $0.0001 per share	6,051,932	I	See Footnotes(2)(11)
Common Stock, par value $0.0001 per share	6,051,932	I	See Footnotes(3)(11)
Common Stock, par value $0.0001 per share	6,051,932	I	See Footnotes(4)(11)
Common Stock, par value $0.0001 per share	6,051,932	I	See Footnotes(5)(11)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants to Purchase Common Stock	12/10/2022	12/10/2027	Common Stock	342,391	$3.35(9)	D(6)(11)
Warrants to Purchase Common Stock	12/10/2022	12/10/2027	Common Stock	342,391	$3.35(9)	I(7)(11)	See Footnotes
Warrants to Purchase Common Stock	12/10/2022	12/10/2027	Common Stock	342,391	$3.35(9)	I(8)(11)	See Footnotes
Tranche I Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	235,294	$1.23(9)(10)	D(1)(11)
Tranche I Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	235,294	$1.23(9)(10)	I(2)(11)	See Footnotes
Tranche I Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	235,294	$1.23(9)(10)	I(3)(11)	See Footnotes
Tranche I Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	235,294	$1.23(9)(10)	I(4)(11)	See Footnotes
Tranche I Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	235,294	$1.23(9)(10)	I(5)(11)	See Footnotes
Tranche II Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	35,260	$2.05(9)(10)	D(1)(11)
Tranche II Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	35,260	$2.05(9)(10)	I(2)(11)	See Footnotes
Tranche II Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	35,260	$2.05(9)(10)	I(3)(11)	See Footnotes
Tranche II Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	35,260	$2.05(9)(10)	I(4)(11)	See Footnotes
Tranche II Warrants to Purchase Common Stock	12/01/2023	12/01/2026	Common Stock	35,260	$2.05(9)(10)	I(5)(11)	See Footnotes

1. Name and Address of Reporting Person^*

Greywolf Capital Management LP

(Last) (First) (Middle)

4 MANHATTANVILLE ROAD, SUITE 201

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Group Owning 10%

1. Name and Address of Reporting Person^*

Greywolf Opportunities Master Fund II, L.P.

(Last) (First) (Middle)

HARNEYS FIDUCIARY (CAYMAN) LIMITED, FL 4

HARBOUR PL., 103 S. CHURCH ST., PO 10240

(Street)

GRAND CAYMAN E9 KY1-1002

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Group Owning 10%

1. Name and Address of Reporting Person^*

Greywolf Advisors LLC

(Last) (First) (Middle)

4 MANHATTANVILLE ROAD, SUITE 201

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Group Owning 10%

1. Name and Address of Reporting Person^*

Greywolf GP LLC

(Last) (First) (Middle)

4 MANHATTANVILLE ROAD, SUITE 201

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Group Owning 10%

1. Name and Address of Reporting Person^*

Savitz Jonathan

(Last) (First) (Middle)

4 MANHATTANVILLE ROAD, SUITE 201

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Member of Group Owning 10%

Explanation of Responses:

1. The number of securities shown in this row is owned directly by Greywolf Opportunities Master Fund II LP ("Greywolf Master Fund II").

2. The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the general partner of Greywolf Master Fund II, Greywolf Advisors LLC (the "General Partner") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. The General Partner hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "'34 Act"), or otherwise, except as to securities representing its pro rata interest in, and interest in the profits of, Greywolf Master Fund II.

3. The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the investment manager of Greywolf Master Fund II, Greywolf Capital Management LP (the "Investment Manager") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. The Investment Manager hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of its pecuniary interest, if any.

4. The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the general partner of the Investment Manager, Greywolf GP LLC (the "Investment Manager General Partner") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. The Investment Manager General Partner hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of its pecuniary interest, if any.

5. The number of securities shown in this row is owned directly by Greywolf Master Fund II. As the senior managing member of the General Partner and the sole managing member of the Investment Manager General Partner, Jonathan Savitz ("Savitz") may be deemed a beneficial owner of the Issuer's securities owned by Greywolf Master Fund II. Savitz hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his pecuniary interest, if any.

6. The amount of securities shown in this row is owned directly by the Investment Manager.

7. The amount of securities shown in this row is owned directly by the Investment Manager. As the general partner of the Investment Manager, the Investment Manager General Partner may be deemed a beneficial owner of the Issuer's securities owned by the Investment Manager. The Investment Manager General Partner hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of its pecuniary interest, if any.

8. The amount of securities shown in this row is owned directly by the Investment Manager. As the sole managing member of the Investment Manager General Partner, Savitz may be deemed a beneficial owner of the Issuer's securities owned by the Investment Manager. Savitz hereby disclaims beneficial ownership of any such securities for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his pecuniary interest, if any.

9. Subject to adjustment.

10. The terms of each warrant provide that the Issuer, at its option in its sole discretion, may settle an exercise of the warrant by payment of cash rather than issuance of shares.

11. The entities and individual identified in the footnotes of this Form 3 may be deemed members of a group with each other with respect to the holding of equity securities of the Issuer. The filing of this Form 3 shall not be deemed to be an admission that such entities and individual are members of such a group.

Remarks:

This Form 3/A (this "Amendment") is a restatement of the Form 3 filed by the Reporting Persons on March 12, 2026 (the "Original Form 3"). This Amendment is being filed solely to add the General Partner (as defined above) as a Reporting Person. At the time of the filing of the Original Form 3, the General Partner did not possess EDGAR access.

	/s/ Jonathan Savitz, Managing Member of its General Partner	03/17/2026
	/s/ Jonathan Savitz, Senior Managing Member of its General Partner	03/17/2026
	/s/ Jonathan Savitz, Senior Managing Member	03/17/2026
	/s/ Jonathan Savitz, Managing Member	03/17/2026
	/s/ Jonathan Savitz	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity stake in OMEX does Greywolf Master Fund II report on this Form 3/A?

Greywolf Opportunities Master Fund II, L.P. reports direct ownership of 6,051,932 shares of Odyssey Marine Exploration common stock. This holding makes the Greywolf entities ten percent owners under SEC rules, triggering the Form 3/A disclosure as members of a 10% group.

What OMEX warrants are held by the Greywolf entities according to this filing?

Greywolf reports warrants for 342,391 shares at $3.35 expiring December 10, 2027, Tranche I warrants for 235,294 shares at $1.23, and Tranche II warrants for 35,260 shares at $2.05, both tranches expiring December 1, 2026.

Do Greywolf Capital Management and related entities claim full beneficial ownership of OMEX shares?

No. The filing explains Greywolf Advisors LLC, Greywolf Capital Management LP, Greywolf GP LLC and Jonathan Savitz may be deemed beneficial owners through their roles, but each disclaims beneficial ownership except to the extent of any pecuniary interest in the relevant investment entities.

Can Odyssey Marine settle the Greywolf OMEX warrants in cash instead of shares?

Yes. A footnote states each warrant’s terms allow Odyssey Marine Exploration, at its option and in its sole discretion, to settle any exercise by paying cash rather than issuing common shares, potentially limiting share issuance upon exercise.

How are the Greywolf entities grouped for OMEX ownership reporting purposes?

The filing notes the entities and Jonathan Savitz may be deemed members of a group regarding Odyssey Marine equity holdings. However, it specifies that submitting this Form 3 is not an admission that they are actually members of such a group.

What is the nature of indirect OMEX holdings disclosed by the Greywolf group?

Indirect holdings arise because Greywolf Advisors LLC, Greywolf Capital Management LP and Greywolf GP LLC manage or are general partners of Greywolf Master Fund II or the investment manager. These roles can create deemed beneficial ownership, which the parties partially disclaim to the extent beyond their economic interest.