Kinetic Seas Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-09-30; filed 2024-11-14.
0001683168-24-008124
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-05-15.
0001683168-25-003702
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 10 previous paragraphs and 9 current paragraphs.
4 unchanged; 0 reworded; 5 added; 6 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (5)
Current report
Item 2. Unregistered Sales of Equity Securities and Use Of Proceeds.
Current report
During the three months ended March 31, 2025, we issued 2,125,000 common shares to two investor relations firms.
Current report
Item 3. Defaults Upon Senior Securities.
Removed paragraphs (6)
Previous report
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.
Previous report
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.
Previous report
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.
Previous report
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.
Previous report
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.
Previous report
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.