---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-001361"
form_type: "8-K"
ticker: "KSEZ"
cik: "0001945619"
company_name: "Kinetic Seas Inc."
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:12:55.529526+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Kinetic Seas issues $148,500 convertible promissory note to LABRYS FUND II, L.P.

## Summary
- Principal $148,500; purchase price $135,000 (includes $13,500 original issue discount).
- Matures Feb 23, 2027; 8% one-time interest earned at issuance; scheduled amortization begins May 18, 2026.
- Holder may convert after 180 days; conversion price = 85% of lowest closing bid price over prior 10 trading days.
- Beneficial ownership limitation set at 4.99% (can be increased to 9.99% with 61 days' notice).
- Private placement exempt under Section 4(a)(2) and Rule 506; securities are restricted.

## SEC filing metadata
- accession: 0001683168-26-001361
- form_type: 8-K
- ticker: KSEZ
- cik: 0001945619
- company_name: Kinetic Seas Inc.
- filed_at: 2026-02-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1945619/000168316826001361/0001683168-26-001361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1945619/000168316826001361/kinetic_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-001361
- JSON: https://secwatch.observer/filing/0001683168-26-001361.json
- Plain text: https://secwatch.observer/filing/0001683168-26-001361.txt

## Source-grounded claims
- claim_id: 0cf399cdca0f55294c362f38d6db58ce05336fb1
  claim: Kinetic Seas Inc. incurred loan of $148,500 with LABRYS FUND II, L.P. at 8% one-time interest charge maturing February 23, 2027.
  evidence_excerpt: On February 23, 2026, Kinetic Seas Incorporated (the “Company”) entered into a Securities Purchase Agreement with LABRYS FUND II, L.P. pursuant to which the Company issued an unsecured promissory note (the “Note”) in the principal amount of $148,500 for gross proceeds of $135,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1945619/000168316826001361/0001683168-26-001361-index.htm
- claim_id: f29c7236cd36addc04919aace5e29fb42d1d81aa
  claim: Kinetic Seas Inc. entered into Securities Purchase Agreement with LABRYS FUND II, L.P. valued at $148,500 (effective 2026-02-23).
  evidence_excerpt: On February 23, 2026, Kinetic Seas Incorporated (the “Company”) entered into a Securities Purchase Agreement with LABRYS FUND II, L.P. pursuant to which the Company issued an unsecured promissory note (the “Note”) in the principal amount of $148,500 for gross proceeds of $135,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1945619/000168316826001361/0001683168-26-001361-index.htm

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