Kinetic Seas Inc
For the period ended Jun 30, 2024. Filed Aug 19, 2024.
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Jun 30, 2024 · Filed Aug 19, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
During the three months ended June 30, 2024, we sold 4,104,000 shares of common stock to 22 accredited investors for gross proceeds of $205,200. The sales were exempt from the registration requirements of the Securities Act of 1933 by virtue of the exemption contained in Section 4(a)(2) therein.
During the three months ended June 30, 2024, we issued a convertible note for $150,000 to an accredited investor. The issuance was exempt from the registration requirements of the Securities Act of 1933 by virtue of the exemption contained in Section 4(a)(2) therein.
During the three months ended June 30, 2024, we issued 40,000 shares of common stock for consulting services valued at $2,000. The sales were exempt from the registration requirements of the Securities Act of 1933 by virtue of the exemption contained in Section 4(a)(2) therein.
During the three months ended June 30, 2024, we issued 19,450 shares of Series A Convertible Preferred Stock in exchange for 19,450,000 shares of common stock with four individuals who are officers and/or directors of the Company. The sales were exempt from the registration requirements of the Securities Act of 1933 by virtue of the exemption contained in Section 3(a)(9) therein.
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