Greywolf group discloses ODYSSEY MARINE (NASDAQ: OMEX) stake, warrants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Greywolf-affiliated investors have filed an initial ownership report for Odyssey Marine Exploration. The filing lists beneficial ownership of 6,051,932 shares of common stock, par value $0.0001 per share.
It also discloses warrants to purchase common stock, including series exercisable at $3.35 for 342,391 underlying shares, Tranche I warrants exercisable at $1.23 for 235,294 underlying shares, and Tranche II warrants exercisable at $2.05 for 35,260 underlying shares. The warrants may, at the issuer’s option, be settled in cash instead of shares. Various Greywolf entities and Jonathan Savitz are identified, with footnotes stating that several parties may be deemed beneficial owners and expressly disclaiming beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
18 transactions reported
Mixed
18 txns
Insider
Greywolf Capital Management LP, Greywolf Opportunities Master Fund II, L.P., Greywolf GP LLC, Savitz Jonathan
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche I Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche I Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche I Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche I Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche I Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche II Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche II Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche II Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche II Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Tranche II Warrants to Purchase Common Stock | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Warrants to Purchase Common Stock — 342,391 shares (Direct);
Warrants to Purchase Common Stock — 342,391 shares (Indirect, See Footnotes);
Tranche I Warrants to Purchase Common Stock — 235,294 shares (Direct);
Tranche I Warrants to Purchase Common Stock — 235,294 shares (Indirect, See Footnotes);
Tranche II Warrants to Purchase Common Stock — 35,260 shares (Direct);
Tranche II Warrants to Purchase Common Stock — 35,260 shares (Indirect, See Footnotes);
Common Stock, par value $0.0001 per share — 6,051,932 shares (Direct);
Common Stock, par value $0.0001 per share — 6,051,932 shares (Indirect, See Footnotes)
Footnotes (1)
- The number of securities shown in this row is owned directly by Greywolf Opportunities Master Fund II LP ("Greywolf Master Fund II"). 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. 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. 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. 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. The amount of securities shown in this row is owned directly by the Investment Manager. 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. 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. Subject to adjustment. 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. 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.
FAQ
What did Greywolf disclose in this Form 3 for ODYSSEY MARINE EXPLORATION (OMEX)?
Greywolf-affiliated entities disclosed their initial ownership in Odyssey Marine Exploration. The Form 3 reports beneficial ownership of 6,051,932 common shares and multiple series of warrants, establishing Greywolf-related entities as significant equity holders without reporting any new purchases or sales.
What warrant positions did Greywolf report in OMEX on this Form 3?
The filing lists several warrant positions linked to Odyssey Marine common stock. These include warrants exercisable at $3.35 for 342,391 underlying shares, Tranche I warrants at $1.23 for 235,294 shares, and Tranche II warrants at $2.05 for 35,260 shares, with specified expiration dates.
Do Greywolf and Jonathan Savitz claim full beneficial ownership of OMEX securities?
No, several parties expressly disclaim full beneficial ownership. Footnotes state that the general partner, investment manager, related entities, and Jonathan Savitz may be deemed beneficial owners but disclaim beneficial ownership except to the extent of any pecuniary interest in the relevant funds or entities.
Is this OMEX Form 3 reporting new Greywolf transactions or just holdings?
The Form 3 reflects holdings rather than new market transactions. Transactions are coded as holdings with no buy or sell codes, and the summary data show zero buys, zero sells, and 18 holding entries, indicating an initial statement of existing positions.