Dilution profile // every instrument, one screen, from SEC filings

ODYSSEY MARINE EXPLORATION INC (OMEX)

CIK 798528 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (historical dilution)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
LOWno live registration found
= is there a registration (S-1/S-3 family) on file without a later withdrawal
Overhead supply
LOWwarrants = 9% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
HIGH+194% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~3.2 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-07-312026-08-07

Latest: 58.7M shares as of Aug 7, 2026 (10-Q). Share count fell from 89.8M to 7.5M between Oct 15, 2015 and Feb 25, 2016, a pattern consistent with a reverse split (roughly 1-for-12); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Two Thousand and Twenty Two Warrants205,777not tagged

Tranches exactly as the company dimensioned them in its 10-Q filed Aug 11, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 5.3M underlying shares, as reported Dec 20, 2024 (10-K).

Reported exercise price: $3.78 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $12.8M as of Dec 31, 2023.

Down-round (price protection) accounting has been tagged in this filer’s XBRL: some instrument carries repricing protection. Which tranche requires reading the exhibits.

Rough fully diluted estimate: 64.0M = 58.7M O/S + 5.3M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 11, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding58.7MAug 7, 2026
+ Two Thousand and Twenty Two Warrants (if exercised)205,777Jun 30, 2026
Fully diluted estimate58.9M+0.4% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Last 12 months: 6 executed · 0 registered.

EXECUTEDApr 14, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 8, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDOct 14, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDSep 30, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDSep 23, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 14, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 1, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJun 10, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 25, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEApr 21, 2025SEC declared a registration effective — selling can beginEFFECT
WITHDRAWNApr 11, 2025Registration withdrawnRW
WITHDRAWNApr 11, 2025Registration withdrawnRW

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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