---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-015129"
form_type: "8-K"
ticker: "OCEA"
cik: "0001869974"
company_name: "Ocean Biomedical, Inc."
filed_at: "2025-06-13T23:59:59+00:00"
generated_at: "2026-05-19T09:13:23.832718+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ocean Biomedical receives termination of key license agreements for alleged breaches totaling $612,581

## Summary
- Elkurt, Inc. terminated four Elias Agreements and one Kurtis lab license, plus a RIH license, effective June 9, 2025.
- Alleged material breaches include unpaid obligations of $612,581.16 and failure to meet development milestones.
- Ocean also failed to file an IND by June 30, 2024, for one milestone and faces three more IND deadlines by June 30, 2025.
- Brown University has initiated termination of its licenses to Elkurt, which would further cut Ocean's access to the technology.
- The notice states termination is immediate under Section 10.2.2.1 after failure to cure within 30 days.

## SEC filing metadata
- accession: 0001641172-25-015129
- form_type: 8-K
- ticker: OCEA
- cik: 0001869974
- company_name: Ocean Biomedical, Inc.
- filed_at: 2025-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1869974/000164117225015129/0001641172-25-015129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1869974/000164117225015129/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-015129
- JSON: https://secwatch.observer/filing/0001641172-25-015129.json
- Plain text: https://secwatch.observer/filing/0001641172-25-015129.txt

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