OMEX, US6761182012

OMEX stock gained 5.30 percent as merger deadline nears

Published on 10/07/2026 at 00:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OMEX stock was last at USD 0.68 on October 6, 2026, with a USD 39.6 million market capitalization. The merger outside date is October 8, 2026.

OMEX, US6761182012, Illustration mit AI erstellt.

OMEX stock was last at USD 0.68 on Nasdaq on October 6, 2026, at 4:00 p.m. ET, up 5.30 percent on the session. The move came as the pending American Ocean Minerals transaction approaches its October 8, 2026 outside date, according to Ocean Mining News.

Merger deadline reaches October 8

The proposed all-stock merger would combine Odyssey with American Ocean Minerals, a private deep-sea minerals company pursuing projects tied to nickel, cobalt, copper and manganese. The transaction is pending, and the combined company is planned to trade on Nasdaq under the AOMC ticker, according to Ocean Mining News.

The same source lists October 8, 2026 as the outside date, with a possible extension to January 8, 2027. Closing conditions include Odyssey shareholder approval, financing requirements, the treatment of non-core assets and regulatory steps connected with the seabed projects.

Small market value, wide trading range

At USD 0.68, Odyssey had a market capitalization of USD 39.6 million on October 6, 2026, with volume of 230,887 shares. The stock stood 84.65 percent below its 52-week high of USD 4.43 and above its 52-week low of USD 0.58.

The price action therefore shows a sharp daily rebound inside a much wider annual range. For investors assessing the merger, the share price remains a market signal for financing and dilution risk rather than a direct measure of the proposed combined companys assets.

Operations center on ocean minerals

Odyssey describes itself as an ocean exploration and subsea mineral development company with more than 30 years of offshore operating experience. Its portfolio targets seafloor minerals for battery metals, fertilizer inputs and other critical-material applications, according to Odyssey Marine Exploration.

The company also reports that its latest investor-relations materials include the second-quarter 2026 results and a Q2 2026 Form 10-Q. The quarter ended June 30, 2026, making the filing period the latest reported interim period identified on the companys investor-relations page.

OMEX stock stays below USD 1

OMEX was last at USD 0.68 on Nasdaq on October 6, 2026, while its 52-week range was USD 0.58 to USD 4.43. The next key date is October 8, 2026, when the proposed merger reaches its stated outside date.