SEAFARER EXPLORATION CORP

Seafarer Exploration Corp. is an underwater exploration and rescue archaeology company. The business focuses on the archaeologically sensitive exploration, documentation, recovery, and conservation of historic shipwrecks, with the ultimate objective of monetizing recovered cargo and artifacts. Alongside archival research and translation of historical records, the company develops proprietary marine detection technologies, most notably its flagship SeaSearcher device, which discriminates between ferrous and nonferrous metals such as gold and silver. Potential stakeholders and beneficiaries of its research and recovery initiatives include governmental agencies, universities, academic researchers, and the general public through museum exhibitions.

The company operates primarily at shipwreck exploration sites off the coast of Florida, including locations at Juno Beach and Melbourne Beach. Its maritime activities extend across both state waters and areas outside state jurisdiction. Seafarer Exploration Corp. maintains its principal executive offices in Tampa, Florida.

Summary of the business section of Seafarer Exploration's latest annual report, written by StockData.

“January of 2024, the Company extended the term of previous agreements with four individuals to continue serving as members of the”