New Issue: Odyssey Marine completes $5.1 million private placement of common stock

By Angela McDaniels

Tacoma, Wash., May 26 - Odyssey Marine Exploration, Inc. settled a $5.1 million private placement of common stock on Friday, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 1.72 million shares for $2.965 each.

The investors were Walrus Master Fund Ltd., Scoggin Capital Management LP, II and Scoggin International Fund Ltd.

Odyssey explores and recovers deep-ocean shipwrecks. The company is based in Tampa, Fla.

Issuer:	Odyssey Marine Exploration, Inc.
Issue:	Common shares
Amount:	$5,099,800
Shares:	1.72 million
Price:	$2.965
Warrants:	No
Investors:	Walrus Master Fund Ltd., Scoggin Capital Management LP, II and Scoggin International Fund Ltd.
Settlement date:	May 22
Stock symbol:	Nasdaq: OMEX
Stock price:	$3.42 at close May 21
Market capitalization:	$203.19 million

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