American Ocean Minerals To Merge With Odyssey Marine In All Stock Deal; Odyssey Share Surge 97%

United States: American Ocean Minerals Corporation announced on Wednesday it will merge with Nasdaq-listed Odyssey Marine Exploration in an all-stock transaction valuing the combined company at about $1 billion, and the merged firm will operate as American Ocean Minerals Corp., seeking a Nasdaq listing under the ticker AOMC. The deal includes more than $150 million in private placement funding and a $75 million pre-public financing, is expected to leave the combined company with roughly $175 million cash, requires Odyssey to divest PHOSAGMEX prior to closing, and is expected to close late in Q2 or early Q3 2026.