SEAFARER EXPLORATION CORP: Increased authorized common shares from 9,900,000,000 to 17,000,000,000 (effective 2025-06-16).
“the Board of Directors, acting as shareholders of the Preferred Shares and pursuant to their own resolution, voted to increase the authorized shares of the Corporation from 9,900,000,000 common shares to 17,000,000,000 common shares.”
Debt Financings
SEAFARER EXPLORATION CORP incurred loan of up to $1 million with an individual lender who is not an officer or director of the Company at 6% per annum maturing one year anniversary dates.
“On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).”
Material Agreements
SEAFARER EXPLORATION CORP entered into Loan Agreement with an individual lender not an officer or director of the Company valued at up to $1 million (effective 2023-11-10).
“On December 8, 2023, Seafarer Exploration Corp. (“Seafarer”), entered into and loan agreement (the “Loan Agreement”) in the principal amount of up to $1 million (the “Loan”) with an individual lender who is not an officer or director of the Company (the “Lender”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.