Odyssey was founded in 1994 as Remarc International Inc., incorporated under Nevada law. In 1997, Remarc completed a reverse merger with Universal Capital Corporation, a public company founded in 1986, and the company name was changed to Odyssey Marine Exploration, Inc.
No. When stock is purchased on the open market through a stock broker or online trading service, it is being purchased from a current shareholder and the purchase price minus any commissions are credited to the former owner of the shares. Odyssey does not get any of this money.
Odyssey’s fiscal financial reporting periods are based on the calendar year ending December 31. The company reports financial results on a quarterly basis for the three-month periods ending on March 31, June 30, September 30, and December 31.