Filing Details

Accession Number:
0001683168-24-002212
Form Type:
5
Zero Holdings:
No
Publication Time:
2024-04-08 17:11:16
Reporting Period:
2023-12-14
Accepted Time:
2024-04-08 17:11:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1945619 Kinetic Seas Inc. ECGR () 5
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1197568 S Erik Nelson 2030 Powers Ferry Road Se
Suite 212
Atlanta GA 30339
Secretary Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-12-14 1,000,000 $0.05 2,000,000 No 5 P Indirect Owned by Coral Investment Partners, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 P Indirect Owned by Coral Investment Partners, LP
Footnotes
  1. 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.
  2. 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.