Greywolf group discloses ODYSSEY MARINE (NASDAQ: OMEX) stake, warrants

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.

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)

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 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.

	/s/ Jonathan Savitz, Managing Member of its General Partner	03/12/2026
	/s/ Jonathan Savitz, Senior Managing Member of its General Partner	03/12/2026
	/s/ Jonathan Savitz, Managing Member	03/12/2026
	/s/ Jonathan Savitz	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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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.

How many ODYSSEY MARINE EXPLORATION (OMEX) common shares are reported as owned?

The filing reports beneficial ownership of 6,051,932 common shares. These shares are held directly and indirectly through Greywolf Opportunities Master Fund II LP and Greywolf Capital Management LP, with related entities and Jonathan Savitz identified in footnotes that describe their potential and disclaimed beneficial ownership interests.

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.

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

Yes, the warrant terms allow Odyssey Marine to settle exercises in cash. A footnote explains that the issuer, at its sole discretion, may choose to pay cash instead of issuing common shares when these warrants are exercised, affecting how dilution might occur.

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.