Odyssey Confirms S-4 Effectiveness, Sets 1-for-25 Reverse Split for October 28

summarizeSummary

Odyssey's merger registration statement went effective and the company set a 1-for-25 reverse split for October 28, a condition to the financing that funds the combined AOM business ahead of the December 2 shareholder vote.

check_boxKey Events · M&A and Partnerships · OMEX

• S-4 Declared Effective

  The SEC declared Odyssey's Form S-4 registration statement effective on October 15, 2026, moving the AOM merger toward a December 2, 2026 special meeting vote.

• 1-for-25 Reverse Split Set

  Reverse split effective October 28, 2026, with a record date of October 26; shares begin trading split-adjusted October 29 under new CUSIP 676118300.

• Share Count Cut to 2.3M

  Outstanding shares fall from approximately 58.6 million to approximately 2.3 million, while authorized shares rise from 75 million to 82 million on October 28.

• Split Tied to Merger Financing

  Completion of the reverse split is a condition to certain investors' obligation to fund the combined company, making it a prerequisite to closing.

auto_awesomeAnalysis · OMEX · Energy & Transportation

The SEC declared Odyssey's S-4 effective on October 15, clearing the way for the December 2 special meeting vote on the AOM merger. The company also locked in a 1-for-25 reverse split effective October 28, which will cut the share count from roughly 58.6 million to 2.3 million and lift the trading price above the $1.00 Nasdaq minimum bid threshold that triggered the July delisting notice. Critically, the reverse split is a condition to certain investors funding the combined company, so it is not cosmetic — it is the gate to the merger financing. The board also adopted a 2026 Equity Incentive Plan subject to stockholder approval, adding a new compensation pool on top of the already-authorized share increase to 82 million.