ERIK S. NELSON - 18 Nov 2022 Form 3 Insider Report for Kinetic Seas Inc. (ECGR)

Role
CEO, CFO, President, Director, 10%+ Owner
Signature
/s/ Erik S. Nelson, Individually
Issuer symbol
ECGR
Transactions as of
18 Nov 2022
Transactions value $
$0
Form type
3
Filing time
08 Apr 2024, 17:10:20 UTC
Previous filing
28 Aug 2023
Next filing
08 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ECGR Common Stock 100M 18 Nov 2022 Owned by Coral Investment Partners, LP F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ECGR Class A Warrants 18 Nov 2022 Common Stock 50M $0.00 Owned by Coral Investment Partners, LP F1, F2
holding ECGR Class B Warrants 18 Nov 2022 Common Stock 50M $0.03 Owned by Coral Investment Partners, LP F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The Class A Warrants are exercisable immediately, provided that they may not be exercised if the holder would own more than 4.99% of the Company's common stock immediately following the exercise.
F3 The Class B Warrants are exercisable immediately, provided that they may not be exercised if the holder would own more than 4.99% of the Company's common stock immediately following the exercise.