Financing ·
On July 8, 2026, Kinetic Seas Inc. entered into a Securities Purchase Agreement with CFI Capital LLC to issue a 6%…
KSEZKinetic Seas Inc.
On July 8, 2026, Kinetic Seas Inc. entered into a Securities Purchase Agreement with CFI Capital LLC to issue a 6% Convertible Redeemable Note with an original principal amount of $210,000. The transaction included a $21,000 original issue discount, yielding gross proceeds of $189,000 before expenses. The Note matures on July 8, 2027, with interest payable in common stock. Conversion is permitted after six months at a price equal to 60% of the lowest trading price over the preceding twenty trading days, subject to a 4.99% beneficial ownership limitation. The company reserved 49,857,550 shares for potential conversion. Kinetic Seas Inc. operates in the renewable energy sector, specifically developing kinetic energy harvesting technology for marine environments.