other material
confidence high
sentiment neutral
materiality 0.55
Kinetic Seas issues 19,250 Series A Preferred shares in exchange for 19,250,000 common shares from officers/directors
Kinetic Seas Inc.
- Issued 19,250 Series A Preferred shares to four officer/director shareholders.
- Each preferred share exchanged for 1,000 common shares surrendered (total 19,250,000 common).
- Shares issued under Section 4(a)(2) exemption; no underwriter or registration.
- No new capital raised; transaction reclassifies insider holdings to preferred stock.