Odyssey Marine files $50 million common stock, preferred, debt shelf

By Devika Patel

Knoxville, Tenn., Nov. 9 - Odyssey Marine Exploration, Inc. filed a $50 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities and warrants.

The securities may be structured as convertibles.

Proceeds will be used for working capital, capital expenditures and other general corporate purposes.

Odyssey explores and recovers deep-ocean shipwrecks. The company is based in Tampa, Fla.

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