secwatch.observer — SEC 8-K summary
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Issuer:     SEAFARER EXPLORATION CORP (SFRX)
CIK:        0001106213
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001199835-24-000017
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seafarer Exploration receives USACE permit for Juno Beach shipwreck site
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- USACE issued a fully executed 5-year Letter of Permission dated Jan 11, 2024 for Juno Beach project.
- Seafarer also holds an Admiralty in Rem claim, FDEP permit, and easement, giving exclusive rights to operate.
- Company recovered a silver coin from the site in 2023, minted between 1554-1572 (Carlos and Joanna mint).
- Secured $1M debt financing at 6% interest with balloon payment to support operations.
- Two fully operational vessels and seasoned archaeological team ready for full mobilization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1106213/000119983524000017/0001199835-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1106213/000119983524000017/sfrx_form-8k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-24-000017

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