Odyssey Marine Exploration (OMEX) received a Nasdaq deficiency notice on July 21, 2026, because its stock failed to maintain a minimum bid price of $1.00 for 30 consecutive business days. The company has until January 19, 2027, to regain compliance by closing at $1.00 or higher for ten straight days. If it doesn't, it may qualify for an additional 180-day period. Notably, shareholders already approved a reverse stock split (1:20 to 1:25) that the company expects will help it meet the listing requirement before its planned merger with American Ocean Minerals Corporation.
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