Kinetic Seas Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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Sep 30, 2024 · Filed Nov 14, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
During the three months ended September 30, 2024, we sold 197,000 shares of common stock to one accredited investor for gross proceeds of $9,850 in an offering of our common stock at $0.05 per share. 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 September 30, 2024, we sold 242,000 shares of common stock to four accredited investors for gross proceeds of $121,000 in an offering of our common stock at $0.50 per share. 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 September 30, 2024, we issued 50,000 shares of common stock to an accredited investor and related party as a loan extension fee. 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 4,000 shares of Series B Convertible Preferred Stock to two accredited investors for gross proceeds of $200,000. These issuance were exempt from the registration requirements of the Securities Act of 1933 by virtue of the exemption contained in Section 3(a)(9) therein.
During the three months ended June 30, 2024, we issued 1,500 shares of Series B Convertible Preferred Stock to two accredited investors for consulting services valued at $750,000. These issuance were exempt from the registration requirements of the Securities Act of 1933 by virtue of the exemption contained in Section 3(a)(9) therein.
During the three months ended June 30, 2024, we issued 150 shares of Series A Convertible Preferred Stock for financing fees to two accredited investors who loaned the Company an aggregate of $150,00. 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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