Kinetic Seas enters USD 210,000 convertible note financing with CFI Capital

Reuters2026/07/28 13:46

By:Reuters

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Kinetic Seas entered a Securities Purchase Agreement with CFI Capital on July 8, 2026, issuing a 6% Convertible Redeemable Note for USD 210,000.
Original issue discount of USD 21,000; gross proceeds of USD 189,000 before transaction expenses; maturity set for July 8, 2027.
Holder can convert starting six months post-issuance at 60% of the lowest price over the prior 20 trading days; 50% during a DTC chill.
Early redemption allowed with premiums of 105% to 140% of outstanding principal, depending on timing.
Reserved 49,857,550 shares for conversion; reserve must stay at least five times shares required for full conversion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kinetic Seas Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-005793), on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kinetic Seas enters USD 210,000 convertible note financing with CFI Capital

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