Odyssey Marine Exploration (OMEX) risk factors, FY2024 10-K

Other

1. 01We face risks related to the recent restatement of our financial information and the material weakness in our internal control over financial reporting
2. 02We face risks related to being delinquent in our SEC reporting obligations
3. 03If any of the foregoing risks or challenges persists, our business, operations, and financial condition are likely to be materially and adversely affected
4. 04Our business involves a high degree of risk
5. 05We may continue to experience significant losses from operations
6. 06The research and data we use may not be reliable
7. 07Operations may be affected by natural hazards
8. 08We may be unable to establish our rights to resources or items we discover or recover
9. 09The market for minerals we recover is uncertain
10. 10We could experience delays in the disposition or sale of minerals
11. 11Legal, political, or civil issues could interfere with our marine operations
12. 12We may be unable to get permission to conduct exploration and extraction operations
13. 13Changes in our business strategy or restructuring of our businesses may increase our costs or otherwise affect the profitability of our businesses
14. 14We may be unsuccessful in raising the necessary capital to fund operations and capital expenditures
15. 15We depend on key employees and face competition in hiring and retaining qualified employees
16. 16We depend on consultants and subcontractors to perform services in certain technical areas, and may face competition and creditor risk in engaging such consultants or vendors
17. 17Technological obsolescence of our marine assets or failure of critical equipment could put a strain on our capital requirements or operational capabilities
18. 18We may not be able to contract with clients or customers for marine services or third-party projects
19. 19The issuance of shares at conversion prices lower than the market price at the time of conversion and the sale of such shares could adversely affect the price of our common stock
20. 20Investments in subsea mineral exploration companies may prove unsuccessful
21. 21We may be subject to short selling strategies
22. 22Some of our equipment or assets could be seized or we may be forced to sell certain assets
23. 23We could be delisted from the Nasdaq Capital Market
24. 24Our insurance coverage may be inadequate to cover all of our business risks
25. 25We may be exposed to cybersecurity risks
26. 26Subsea development and operating have inherent risks
27. 27We are subject to significant governmental regulations, which affect our operations and costs of conducting our business
28. 28We may not be able to obtain all required permits and licenses to place any of our properties into production
29. 29Calculations of mineral resources are estimates only and subject to uncertainty
30. 30Estimated mineral resources may be materially affected by other factors