KSEZ · Kinetic Seas Inc.
Substantial doubt about the company's ability to continue as a going concern.
“The Company does not currently expect that cash generated from operations will be sufficient to fund its anticipated operating requirements. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that these financial statements are issued. Management's plans to alleviate this substantial doubt include continued efforts to raise capital through private placements of equity securities, debt financing arrangements, strategic partnerships, and other financing alternatives. The Company has historically been successful in obtaining funding from investors and lenders and continues to evaluate additional sources of capital to support operations, product development, commercialization efforts, and working capital requirements. However, there can be no assurance that such financing will be available on acceptable terms, if at all.”View the 10-Q filed Aug 19, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2026-04-01 | Lozinski Jeffrey William |
10% Owner |
Sell↑
|
Common
|
61,700 |
| 2026-04-01 | Lozinski Jeffrey William |
10% Owner |
Sell↓
|
Common
|
50,000 |
| 2026-03-30 | Lozinski Jeffrey William |
10% Owner |
Sell↓
|
Common stock
|
100,000 |
| 2026-03-19 | Lozinski Jeffrey William |
10% Owner |
Sell↓
|
Common Stock
|
10,000 |
| 2024-05-31 | Lozinski Jeffrey William |
10% Owner |
Other↑
Filing footnotes — Series A Preferred Stock (Direct)
Each share of Preferred Stock is covertible at any time at the dicretion of the holder inot 1,000 shares of Common Stock of the Company. The Preferred Stock is perpetual, is entitled to vote on any matters put to a vote of common stockholders on an as-converted basis and is entitled to receive any dividends declared by the Company on the common stock on an as-converted basis. The Preferred Stock is entitled to a liquidation preference of $0.01 per share prior to any distribution to common stockholders in a liquidation of the Company. The Company is entiteld to effect a mandatory conversion of the Preferred Stock into common stock at any time that there are less than 200,000 shares of Preferred Stock outstanding. On May 29, 2024 the reporting person exchanged 10,500,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 10,500 shares of Series A Preferred Stock (the "Preferred Stock") of the Company. |
Series A Preferred Stock
|
10,500 |
| 2024-05-31 | Lehman Joseph |
Director, Chief Technology Officer |
Other↑
Filing footnotes — Series A Preferred Stock (Direct)
Each share of Preferred Stock is convertible at any time at the discretion of the holder to 1,000 shares of Common Stock of the Company. The Preferred Stock is perpetual, is entitled to vote on any matters put to a vote of the common stockholders on an as-converted basis and is entitled to receive any dividends declared by the Company on the common stock on an as-converted basis. The Preferred Stock is entitled to a liquidation preference of $0.01 per share prior to any distribution to common stockholders in a liquidation of the Company. The Company is entitled to effect a mandatory conversion of the Preferred Stock into common stock at any time there are less than 200,000 shares of Preferred Stock outstanding. On May 29, 2024, the reporting person voluntarily exchanged 900,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 900 shares of Series A Preferred Stock (the "Preferred Stock") of the company. |
Series A Preferred Stock
|
900 |
| 2024-05-31 | Lozinski Jeffrey William |
10% Owner |
Other↓
Filing footnotes — Common Stock (Direct)
On May 29, 2024 the reporting person exchanged 10,500,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 10,500 shares of Series A Preferred Stock (the "Preferred Stock") of the Company. Each share of Preferred Stock is covertible at any time at the dicretion of the holder inot 1,000 shares of Common Stock of the Company. The Preferred Stock is perpetual, is entitled to vote on any matters put to a vote of common stockholders on an as-converted basis and is entitled to receive any dividends declared by the Company on the common stock on an as-converted basis. The Preferred Stock is entitled to a liquidation preference of $0.01 per share prior to any distribution to common stockholders in a liquidation of the Company. The Company is entiteld to effect a mandatory conversion of the Preferred Stock into common stock at any time that there are less than 200,000 shares of Preferred Stock outstanding. |
Common Stock
|
10,500,000 |
| 2024-05-31 | Honour Edward S |
Director, Chairman and CEO |
Other↑
Filing footnotes — Series A Preferred (Direct)
Each share of Preferred Stock is convertable at any time at the discretion of the holder to 1,000 shares of Common Stock of the Company. The Preferred Stock is perpetual, is entitled to vote on any matters put to a vote of the common stockholders on an as-converted basis and is entitled to receive any dividends delcared by the Company on the common stock on an as-converted basis. The Preferred Stock is entitled to a liquidation preference of $0.01 per share prior to any distribution to common stockholders in a liquidation of the Company. The Company is entitled to effect a mandatory conversion of the Preferred Stock into common stock at any time there are less than 200,000 shares of Preferred Stock outstanding. On May 29, 2024, the reporting person voluntarily exchanged 2,450,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 2,450 shares of Series A Preferred Stock (the "Preferred Stock") of the company. |
Series A Preferred
|
2,450 |
| 2024-05-31 | Lehman Joseph |
Director, Chief Technology Officer |
Other↓
Filing footnotes — Common Stock (Direct)
On May 29, 2024, the reporting person voluntarily exchanged 900,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 900 shares of Series A Preferred Stock (the "Preferred Stock") of the company. |
Common Stock
|
900,000 |
| 2024-05-31 | Honour Edward S |
Director, Chairman and CEO |
Other↓
Filing footnotes — Common Stock (Direct)
On May 29, 2024, the reporting person voluntarily exchanged 2,450,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 2,450 shares of Series A Preferred Stock (the "Preferred Stock") of the company. |
Common Stock
|
2,450,000 |
| 2023-12-14 | NELSON ERIK S |
Director, CEO, CFO, President, 10% Owner |
Buy↑
Filing footnotes — Common Stock (Indirect)
Price is based upon the conversion of $50,000 of indebtedness due to the Coral Investment Partners, LP into 1,000,000 shares of common stock. Coral Investment Partners, LP ("Coral"), a Georgia limited partnership, has direct beneficial ownership of all the securities owned by Coral. Sterling Management Services, LLC ("SMS"), a Georgia limited liability company, is the general partner of Coral, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral, but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. Erik S. Nelson is the owner and manager of SMS, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral and SMS., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
Common Stock
(I)
|
1,000,000 |