other material
confidence high
sentiment neutral
materiality 0.55
Kinetic Seas returns 2M shares to Sagtec, amends licensing agreement with new MaluDb hosting rights
Kinetic Seas Inc.
- Returned 2,000,000 consideration shares to Sagtec; transfer completed July 27, 2026.
- Rule 144 holding period reduced to 6 months from original date (Aug 21, 2025), now elapsed.
- Right of first refusal eliminated; prior excess transfers of ~65,000 shares ratified.
- New commercial terms: Sagtec gets non-exclusive right to sell MaluDb hosting under Skilliks brand; revenue share 70/30 or 50/50.
- Kinetic Seas retains 1,840,000 shares; no longer an affiliate of Sagtec.