---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-006234"
form_type: "8-K"
ticker: "BSAI"
cik: "0001416090"
company_name: "BLUSKY AI INC."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T21:43:21.590584+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Inception Mining issues 2.24B restricted shares for debt conversion and services

## Summary
- Issued ~2.24B restricted common shares on Feb 23, 2023 to 16 parties for debt conversion and services.
- Largest issuance: 965M shares to Clavo Rico Inc. for $3.38M debt conversion.
- Second largest: 485M shares to CEO Trent D'Ambrosio for $1.70M debt conversion.
- Issued 315M shares to L W Briggs Irrevocable Trust for $1.10M debt.
- Relied on Sections 3(a)(9) and 4(a)(2) of Securities Act; no public offering.

## SEC filing metadata
- accession: 0001493152-23-006234
- form_type: 8-K
- ticker: BSAI
- cik: 0001416090
- company_name: BLUSKY AI INC.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1416090/000149315223006234/0001493152-23-006234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1416090/000149315223006234/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-006234
- JSON: https://secwatch.observer/filing/0001493152-23-006234.json
- Plain text: https://secwatch.observer/filing/0001493152-23-006234.txt

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