Slojab
2月前
Late notice filed.
https://investorshub.advfn.com/stock-market/USOTC/kinetic-seas-qb-KSEZ/stock-news/98176147/form-nt-10-k-notification-of-inability-to-timely
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
? Yes ? No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
See above narrative.
I don't see anything in the narrative that would create a significant change in operations.
PART III - NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Kinetic Seas Incorporated requires additional time to complete and finalize its financial statements and related disclosures for the fiscal year ended December 31, 2025.
During the reporting period, the Company transitioned its accounting functions to a new independent registered public accounting firm. In connection with this transition, the new accounting firm required sufficient time to obtain, review, and reconcile historical financial information and supporting documentation from the Company’s prior accounting firm.
The delay in receiving complete prior-period information and supporting records from the former accounting firm, combined with the time required for the new accounting firm to complete its audit procedures and ensure the accuracy and completeness of the Company’s financial statements, could not be eliminated without unreasonable effort or expense.
As a result of these circumstances, the Company has been unable to complete its Form 10-K within the prescribed time period. The Company is working diligently with its new accounting firm to finalize the audit and expects to file its Form 10-K within the extension period permitted under Rule 12b-25.
Slojab
4月前
I don't know why this was there.
Our Articles of Incorporation and By-Laws authorize us to indemnify an officer or director who is made a party to any proceeding, including a lawsuit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. No officer or director may be indemnified, however, where the officer or director acted committed intentional misconduct, fraud, or an intentional violation of the law.
We may advance expenses incurred in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he is to be indemnified, we must indemnify him against all expenses incurred, including attorney's fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of Colorado.
Regarding the indemnification for liabilities arising under the Securities Act of 1933, which may be permitted to officers and directors under Colorado law, we are informed that, in the opinion of the Securities and Exchange Commission, indemnification is against public policy, as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities is asserted by our officer(s), director(s), or controlling person(s) in connection with the securities being registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit the question of whether such indemnification is against public policy to a court of appropriate jurisdiction. We will then be governed by the court's decision.
Slojab
4月前
In today's 8-K .....
During the three months ended September 30, 2025, the Company sold 610,000 shares of common stock for total proceeds of $100,000
For the sale of the 610,000 shares described above, and for all unregistered sales of the Company’s securities for the past three years, the Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933. The individuals who acquired these securities were sophisticated investors and were provided full information regarding the Company’s business and operations. There was no general solicitation in connection with the offer or sale of these securities. The individuals who acquired these securities acquired them for their own accounts. The certificates representing these securities bear a restricted legend which provides they cannot be sold except pursuant to an effective registration statement or an exemption from registration. No commission or other form of remuneration was given to any person in connection with the issuance of these securities.
Slojab
7月前
Kinetic Seas Inc. Announces Landmark Exclusive Partnership with Sagtec Global Limited, Launching Skilliks AI Platform into Southeast Asia
SCHAUMBURG, Ill., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Kinetic Seas Incorporated (OTCQB: KSEZ), a leader in artificial intelligence and the developer of the Skilliks AI platform, today announced the execution of a landmark addendum significantly expanding its strategic partnership with Sagtec Global Limited (Nasdaq: SAGT). The agreement formally establishes Kinetic Seas as the exclusive AI development and technology partner for Sagtec across Malaysia, Indonesia, Singapore, and the Philippines, creating a powerful co-creation engine for the region's AI market.
This partnership represents a major commercial milestone for Kinetic Seas, providing an immediate and extensive channel to Sagtec's base of over 12,000 SaaS clients and transforming the Skilliks platform from a training and development environment into a primary driver of enterprise-grade AI solutions and recurring revenue.
Strategic & Financial Benefits for Kinetic Seas
The partnership is structured to create deep alignment and long-term value for Kinetic Seas through a combination of equity and high-margin revenue sharing:
Foundational Equity Stake: Kinetic Seas acquires 5.5 million shares of Sagtec common stock, cementing a substantial equity interest and tightly aligning corporate growth incentives.
Scalable Revenue Stream: Kinetic Seas will earn 30% of gross receipts from all AI projects secured by Sagtec under this partnership, generating durable, high-margin income.
Co-Creation and IP: Joint development provisions allow Kinetic Seas to expand its portfolio of deployable, market-proven AI assets in collaboration with Sagtec.
"This exclusive partnership is the commercial validation of our strategy and the capabilities of the Skilliks platform," said Edward S. Honour, CEO of Kinetic Seas Incorporated. "We are the core AI innovation engine for a Nasdaq-listed leader, providing Kinetic Seas with an unparalleled launchpad into Southeast Asia and translating our technical leadership into immediate, scaled commercial deployment."
Operational Execution and Community Impact
As Sagtec’s exclusive technical partner, Kinetic Seas will deliver turnkey, end-to-end AI solutions—including custom development, system integration, and full project management—on a regional scale.
This partnership directly engages the Kinetic Seas AI Masters Community, a global network of over 10,000 AI professionals, developers, and researchers, connecting them directly with high-visibility, commercially funded projects.
"This alliance is a direct win for our entire AI Masters Community," Honour continued. "We are now connecting our 10,000 professionals to real-world, funded projects from a vast client network, fueling both rapid innovation and tangible economic opportunity. This creates an unprecedented flywheel: our community solves cutting-edge commercial problems, Sagtec's clients get access to a global talent pool, and Kinetic Seas delivers production-grade innovation faster than anyone else in the market."
Market and Revenue Outlook
According to IDC and Allied Market Research, the Southeast Asian AI software market is projected to grow at a CAGR of 34% through 2030, representing over $6 billion in new opportunities.
Kinetic Seas’ 30% revenue share is tied directly to Sagtec's projected cumulative revenue from this initiative, which is estimated at $40–$50 million by 2028.
Kinetic Seas Participation: 30% revenue share in $40–$50 million projected cumulative revenue (2026–2028)
Slojab
7月前
CORRECTION: Kinetic Seas Inc. Announces Landmark Exclusive Partnership with Sagtec Global Limited, Launching Skilliks AI Platform into Southeast Asia
November 04 2025 - 9:09AM
An earlier version of this release issued on November 4, 2025, misstated the nature of the share issuance. The release has been corrected to reflect that Sagtec Global Limited issued the shares to Kinetic Seas Incorporated. The corrected release follows:
Kinetic Seas Incorporated (OTCQB: KSEZ), a leader in artificial intelligence and the developer of the Skilliks AI platform, today announced the execution of a landmark addendum significantly expanding its strategic partnership with Sagtec Global Limited (Nasdaq: SAGT). The agreement formally establishes Kinetic Seas as the exclusive AI development and technology partner for Sagtec across Malaysia, Indonesia, Singapore, and the Philippines, creating a powerful co-creation engine for the region's AI market.
This partnership represents a major commercial milestone for Kinetic Seas, providing an immediate and extensive channel to Sagtec's base of over 12,000 SaaS clients and transforming the Skilliks platform from a training and development environment into a primary driver of enterprise-grade AI solutions and recurring revenue.
Strategic & Financial Benefits for Kinetic Seas
The partnership is structured to create deep alignment and long-term value for Kinetic Seas through a combination of equity and high-margin revenue sharing:
Foundational Equity Stake: Sagtec issued 5.5 million shares of its common stock to Kinetic Seas, cementing a substantial equity interest for Kinetic Seas and tightly aligning corporate growth incentives.
Scalable Revenue Stream: Kinetic Seas will earn 30% of gross receipts from all AI projects secured by Sagtec under this partnership, generating durable, high-margin income.
Co-Creation and IP: Joint development provisions allow Kinetic Seas to expand its portfolio of deployable, market-proven AI assets in collaboration with Sagtec.
"This exclusive partnership is the commercial validation of our strategy and the capabilities of the Skilliks platform," said Edward S. Honour, CEO of Kinetic Seas Incorporated. "We are the core AI innovation engine for a Nasdaq-listed leader, providing Kinetic Seas with an unparalleled launchpad into Southeast Asia and translating our technical leadership into immediate, scaled commercial deployment."
Operational Execution and Community Impact
As Sagtec’s exclusive technical partner, Kinetic Seas will deliver turnkey, end-to-end AI solutions—including custom development, system integration, and full project management—on a regional scale.
This partnership directly engages the Kinetic Seas AI Masters Community, a global network of over 10,000 AI professionals, developers, and researchers, connecting them directly with high-visibility, commercially funded projects.
"This alliance is a direct win for our entire AI Masters Community," Honour continued. "We are now connecting our 10,000 professionals to real-world, funded projects from a vast client network, fueling both rapid innovation and tangible economic opportunity. This creates an unprecedented flywheel: our community solves cutting-edge commercial problems, Sagtec's clients get access to a global talent pool, and Kinetic Seas delivers production-grade innovation faster than anyone else in the market."
Market and Revenue Outlook
According to IDC and Allied Market Research, the Southeast Asian AI software market is projected to grow at a CAGR of 34% through 2030, representing over $6 billion in new opportunities.
Kinetic Seas’ 30% revenue share is tied directly to Sagtec's projected cumulative revenue from this initiative, which is estimated at $40–$50 million by 2028.
Kinetic Seas Participation: 30% revenue share in $40–$50 million projected cumulative revenue (2026–2028).
About Kinetic Seas Incorporated (OTCQB: KSEZ)
Kinetic Seas Incorporated is a recognized leader in artificial intelligence and full-stack software development, known for its Skilliks AI platform and a global community of AI experts. The company specializes in developing production-grade AI solutions, including deep learning, natural language processing, and computer vision systems, for enterprises worldwide.
About Sagtec Global Limited (Nasdaq: SAGT)
Sagtec Global Limited is a leading provider of digital transformation and SaaS solutions, empowering over 12,000 businesses across Southeast Asia with the tools to enhance efficiency, automation, and market competitiveness.
This press release contains statements that constitute "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. Actual future performance outcomes and results may differ materially from those expressed. Forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on April 24, 2025, and any other SEC filings, as amended or updated from time to time. Copies of the Company's filings with the SEC are available on the SEC's website at www.sec.gov/edgar/searchedgar/companysearch. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Kinetic Seas Incorporated (OTCQB: KSEZ) trades on the OTCQB Venture Market. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the company on www.otcmarkets.com.