secwatch.observer — SEC 8-K summary
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Issuer:     Kinetic Seas Inc. (KSEZ)
CIK:        0001945619
Form:       8-K/A
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001683168-24-001339
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.02, 5.01, 5.02, 5.06, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetic Seas (fka Bellatora) completes change in control; exits shell status to pursue AI hosting and consulting
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- New directors Edward Honour, Jeffrey Lozinski, Joseph Lehman, Robert Jackson appointed; control group holds 84% of outstanding shares.
- Company transitions from shell to AI business: GPU cloud hosting, consulting, open-source libraries, and SaaS.
- Promissory note amended with Coral Investment Partners; $50k converted into 1M shares at $0.05, balance now $182k principal plus interest.
- Unregistered sales: 21.6M shares at $0.001 ($21,600 gross) and 5.5M shares at $0.05 ($275k gross) through Feb 29, 2024.
- Entered agreements with Lightyear AI (datacenter selection), Databank (colocation in Oakbrook, IL), and Zazo (10G fiber internet).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1945619/000168316824001339/0001683168-24-001339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1945619/000168316824001339/kinetic_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001339

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer