Sec Form 13G Filing - FourWorld Capital Management LLC filing for ODYSSEY MARINE EXPLORATION INC (OMEX) - 2024-02-28

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No.6)*
 

Odyssey Marine Exploration, Inc.

(Name of Issuer)
 

Common Stock, par value $0.0001 per share

(Title of Class of Securities)
 

676118201

(CUSIP Number)
 

December 31, 2023

(Date of Event Which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
ý Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
 
(Page 1 of 9 Pages)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

CUSIP No. 676118201

13G/A

Page 2 of 9 Pages

 

1

NAME OF REPORTING PERSON

FourWorld Capital Management LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

4,292,367

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

4,292,367

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,292,367

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

19.85%

12

TYPE OF REPORTING PERSON

OO,IA

         

 

 

CUSIP No. 676118201

13G/A

Page 3 of 9 Pages

 

1

NAME OF REPORTING PERSON

FourWorld Global Opportunities Fund, Ltd.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

1,355,941

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

1,355,941

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,355,941

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.27%

12

TYPE OF REPORTING PERSON

CO

         

 

 

CUSIP No. 676118201

13G/A

Page 3 of 9 Pages

 

1

NAME OF REPORTING PERSON

FW Deep Value Opportunities Fund I LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

1,297,063

7

SOLE DISPOSITIVE POWER

0

8

SHARE D DISPOSITIVE POWER

1,297,063

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,297,063

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

6.00%

12

TYPE OF REPORTING PERSON

CO

         

 

 

CUSIP No. 676118201

13G/A

Page 3 of 9 Pages

 

1

NAME OF REPORTING PERSON

John Addis

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

3 SEC USE ONLY
4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:
5

SOLE VOTING POWER

0

6

SHARED VOTING POWER

4,292,367

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

4,292,367

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

4,292,367

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

19.85%

12

TYPE OF REPORTING PERSON

HC

         

 

 

CUSIP No. 676118201

13G/A

Page 4 of 9 Pages

 

Item 1(a). NAME OF ISSUER:
   
  Odyssey Marine Exploration, Inc.

 

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
   
  205 S. Hoover Blvd., Suite 210, Tampa, FL, 33609

 

Item 2(a). NAME OF PERSON FILING:
   
 

FourWorld Capital Management LLC

 

FourWorld Global Opportunities Fund, Ltd.

 

FW Deep Value Opportunities Fund I LLC

 

John Addis

 

(collectively, the "Filers").

 

 

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
   
  FourWorld Capital Management LLC
  7 World Trade Center, Floor 46
  New York, NY 10007
 
  FourWorld Global Opportunities Fund, Ltd.
  7 C/O Mourant Governance Services (Cayman) Limited
  94 Solaris Avenue
  PO Box 1348c
  7 Grand Cayman
  Camana Bay KYKY1-1108
 
  FW Deep Value Opportunities Fund I LLC
  7 World Trade Center, Floor 46
  New York, NY 10007
 
  John Addis
  7 World Trade Center, Floor 46
  New York, NY 10007

 

Item 2(c). CITIZENSHIP:
   
  For citizenship of Filers, see Item 4 of the cover sheet for each Filer.

 

Item 2(d). TITLE OF CLASS OF SECURITIES:
   
  Common Stock, par value $0.0001 per share

 

Item 2(e). CUSIP NUMBER:
   
  676118201

 

Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
   
  N/A

 

Item 4. OWNERSHIP
   
  See Items 5-9 and 11 of the cover page for each Filer.
   
 

 

Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
   
  N/A

 

Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
   
  The securities reported in this Schedule 13G that are beneficially owned by FourWorld Capital Management LLC are directly owned by advisory clients of FourWorld Capital Management LLC. Other than the reporting persons listed herein, none of such persons individually own more than 5% of the Issuer's outstanding shares.  

 

CUSIP No. 676118201

13G/A

Page 6 of 9 Pages

 

Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
   
  N/A

 

Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
   
  N/A

 

Item 9. NOTICE OF DISSOLUTION OF GROUP.
   
  N/A

 

Item 10. CERTIFICATION.

 

  Each of the Reporting Persons hereby makes the following certification:
   
  By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

CUSIP No. 676118201

13G/A

Page 7 of 9 Pages

 

SIGNATURES

After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE: February 28, 2024

 

FourWorld Capital Management LLC    
     
     
By: /s/ John Addis    
Name: John Addis    
Title: Managing Member    
FourWorld Global Opportunities Fund, Ltd.    
     
     
By: /s/ John Addis    
Name: John Addis    
Title: Director    
FW Deep Value Opportunities Fund I LLC    
     
     
By: FourWorld Capital LLC, its Managing Members    
Name: John Addis    
Title: Managing Member    
John Addis    
     
     
By: /s/ John Addis    

 

 

CUSIP No. 676118201

13G/A

Page 8 of 9 Pages

EXHIBIT I

 

JOINT FILING AGREEMENT

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

DATE: February 28, 2024

 

FourWorld Capital Management LLC    
     
     
By: /s/ John Addis    
Name: John Addis    
Title: Managing Member    
FourWorld Global Opportunities Fund, Ltd.    
     
     
By: /s/ John Addis    
Name: John Addis    
Title: Director    
FW Deep Value Opportunities Fund I LLC    
     
     
By: FourWorld Capital LLC, its Managing Members    
Name: John Addis    
Title: Managing Member    
John Addis    
     
     
By: /s/ John Addis    
Name: John Addis