secwatch.observer — SEC 8-K summary
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Issuer:     Kinetic Seas Inc. (KSEZ)
CIK:        0001945619
Form:       8-K
Filed at:   2026-07-28T13:45:37+00:00
Accession:  0001683168-26-005793
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kinetic Seas issues $210K convertible note to CFI Capital with 60% conversion discount
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- Principal $210,000 with $21,000 OID; net proceeds $189,000 before expenses.
- Note matures July 8, 2027; 6% interest payable in common stock.
- Conversion price set at 60% of lowest trading price over 20 days (50% if DTC chill).
- Holder may convert after 6 months; redemption premiums range from 105% to 140%.
- Company reserves 49,857,550 shares for conversion, minimum 5x full conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1945619/000168316826005793/0001683168-26-005793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1945619/000168316826005793/kinetic_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005793

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