Odyssey Marine Exploration received a Nasdaq notice for failing to meet the $1 minimum bid price rule for 30 straight business days.
The company has until Jan. 19, 2027 to regain compliance by posting a closing bid of at least $1 for 10 consecutive sessions.
A further 180-day cure period may be available if it meets other Nasdaq Capital Market listing standards and commits to a remediation plan.
Shareholders previously authorized a 1-for-20 to 1-for-25 reverse stock split to help restore compliance ahead of a planned merger with American Ocean Minerals.
OMEX•
