secwatch.observer — SEC 8-K summary
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Issuer:     Kinetic Seas Inc. (KSEZ)
CIK:        0001945619
Form:       8-K
Filed at:   2026-07-28T13:44:25+00:00
Accession:  0001683168-26-005791
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetic Seas returns 2M shares to Sagtec, amends licensing agreement with new MaluDb hosting rights
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1945619/000168316826005791/0001683168-26-005791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1945619/000168316826005791/kinetic_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005791

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