Odyssey Marine Exploration (OMEX) Investor presentation summary

Transaction and financing

• Proposed merger transaction is intended to combine the AOM platform with a NASDAQ-listed marine operator; public trading is planned after S-4 effectiveness, a shareholder vote and closing, subject to regulatory review and customary conditions.

• Oversubscribed $75M bridge closed in February 2026; $150M+ PIPE financing secured and expected to fund concurrent with the merger.

• Bridge equity converts at a 25% discount to the merger price and carries 8% mandatory PIK interest for one year.

• S-K 1300 technical reports completed; U.S. Areas 1 and 2 are in the certification stage, while Area 3 is pending submission.

Asset base and permits

• Portfolio spans >470,000 km² and >2B tonnes of nodules across secured and target areas, including ~236,000 km² of U.S. targets and ~235,000 km² in the Cook Islands.

• Cook Islands licenses cover 211,545 km² for CIC and 23,630 km² for Moana; ownership is ~48% in CIC, with an option to exceed 50%, and ~80–100% in Moana.

• S-K 1300-compliant Cook Islands estimates: CIC 1,950 Mt inferred; Moana 417 Mt indicated and 102 Mt inferred, subject to license-area relinquishment over time.

• Two U.S. target areas covering 236,000 km² have applications filed, with no granted license; the Cook Islands pathway includes two active exclusive exploration licenses.

• Cook Islands is presented as the fastest harvesting route, supported by mature regulations and a U.S. cooperation agreement; the U.S. pathway adds jurisdictional diversity.

Development strategy and economics

• Riser lift is described as established deepwater technology with continuous lift, standard components and nodule-pilot validation; engineering diligence involves Transocean and GSR.

• Processing plan starts with tolling at existing U.S. and allied facilities, then expands toward greenfield vertical integration; American Samoa is an optional transshipment hub and stockpiling is planned.

• Long-term vision calls for >$7B invested over a decade and a fleet of U.S.-built vessels by 2035, serving U.S. and allied supply chains.

• Illustrative vessel-level EBITDA is >$450M; modeled annual output is 1.2–2.3M dry tonnes per vessel, with mineral value of $525–$1,000 per tonne.

• Bollinger Shipyards and Phoenix International signed MOUs covering U.S. vessel infrastructure and harvesting-system engineering, respectively.