---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-017013"
form_type: "8-K"
ticker: "BSAI"
cik: "0001416090"
company_name: "BLUSKY AI INC."
filed_at: "2022-06-17T23:59:59+00:00"
generated_at: "2026-06-25T00:48:27.613100+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Inception Mining to issue 10 billion shares to settle Antilles Family Office litigation

## Summary
- Settlement resolves litigation over a $3M loan; company issued $4.25M face value convertible note in 2019.
- Company will issue 10 billion common shares to Antilles; 541,449,789 shares reserved immediately.
- Company may terminate remaining share issuance by paying $1M within 1 year of court approval or $1.5M thereafter.
- Outstanding amount as of June 2, 2022 was $6,001,564.76; loan payments have been delinquent since March 31, 2021.
- Settlement conditioned on court approval under Securities Act Section 3(a)(10); order jointly requested on June 16, 2022.

## SEC filing metadata
- accession: 0001493152-22-017013
- form_type: 8-K
- ticker: BSAI
- cik: 0001416090
- company_name: BLUSKY AI INC.
- filed_at: 2022-06-17T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1416090/000149315222017013/0001493152-22-017013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1416090/000149315222017013/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-017013
- JSON: https://secwatch.observer/filing/0001493152-22-017013.json
- Plain text: https://secwatch.observer/filing/0001493152-22-017013.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.