OceanGate says it has raised $18.1 million in new investment, laying the financial groundwork for an expansion of its fleet of deep-sea submersibles and setting the stage for dives to the 108-year-old Titanic shipwreck in 2021.
The funding round was reported in documents filed today with the Securities and Exchange Commission. OceanGate CEO and founder Stockton Rush said the figure reported in the documents, $19.3 million, would be amended to reflect the actual size of the round.
