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Odyssey Marine Exploration (OMEX) has provided an announcement.
Odyssey Marine Exploration, Inc. has capitalized on its past ventures by selling its shipwreck business assets, including a comprehensive database and research library, while still maintaining an economic interest in some shipwrecks. This savvy move paid off handsomely when Odyssey received a $9.4 million payout in May 2024 from one such shipwreck. Even a company director’s controlled entity benefited financially from this arrangement, highlighting a profitable sideline to Odyssey’s primary business activities.
For detailed information about OMEX stock, go to TipRanks’ Stock Analysis page.
