Odyssey Marine Exploration Regains Compliance with Nasdaq Listing Rule, Avoids Delisting

Reuters

05-10

Odyssey Marine Exploration Regains Compliance with Nasdaq Listing Rule, Avoids Delisting

Odyssey Marine Exploration Inc. recently faced a regulatory issue concerning its compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. Initially notified on November 4, 2024, the company failed to meet this requirement for 30 consecutive business days. By May 7, 2025, they had not regained compliance and were at risk of being delisted from Nasdaq. However, as of May 9, 2025, Odyssey Marine Exploration successfully regained compliance, with its common stock closing at or above $1.00 per share for ten consecutive business days (April 25 to May 8, 2025). Consequently, Nasdaq lifted the delisting threat, resolving the issue.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Odyssey Marine Exploration Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-116934), on May 09, 2025, and is solely responsible for the information contained therein.

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Odyssey Marine Exploration Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-116934), on May 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OMEX","symbol_name":"奥德赛海洋探索","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250509:nNDL4mfSKx:1","article_id":"2534466615","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534466615","pubTimestamp":1746823567,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Odyssey Marine Exploration Inc. recently faced a regulatory issue concerning its compliance with Nasdaq Listing Rule 5550, which requires a minimum bid price of $1.00 per share. 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