Recent Updates — KSEZ
On July 8, 2026, Kinetic Seas Inc. entered into a Securities Purchase Agreement with CFI Capital LLC to issue a 6% Convertible Redeemable Note with an original principal amount of $210,000. The transaction included a $21,000 original issue discount, yielding gross proceeds of $189,000 before expenses. The Note matures on July 8, 2027, with interest payable in common stock. Conversion is permitted after six months at a price equal to 60% of the lowest trading price over the preceding twenty trading days, subject to a 4.99% beneficial ownership limitation. The company reserved 49,857,550 shares for potential conversion. Kinetic Seas Inc. operates in the renewable energy sector, specifically developing kinetic energy harvesting technology for marine environments.
Kinetic Seas Incorporated completed the return of 2,000,000 consideration shares to Sagtec Global Limited pursuant to a Third Addendum to its Licensing Agreement dated July 7, 2026. The company executed transfer instructions on July 27, 2026, following receipt of authorization from Sagtec on July 26, 2026. The agreement also modified Rule 144 provisions, eliminated a right of first refusal, and established additional commercial arrangements. Kinetic Seas Incorporated operates in the renewable energy sector, specifically developing kinetic energy harvesting technologies.
On July 8, 2026, Robert Jackson resigned from all positions as a Director of Kinetic Seas Incorporated to pursue other business ventures and avoid potential conflicts of interest. Kinetic Seas Incorporated is an emerging growth company operating in the maritime industry.