Kinetic Seas Inc. Reports Licensing Addendum, Transfers 2M Shares

What Happened

• Kinetic Seas Inc. (KSEZ) filed a Form 8-K disclosing that it entered into a Third Addendum to its Licensing Agreement with Sagtec Global Limited on July 7, 2026, and completed the transfer of 2,000,000 consideration shares under that addendum on July 27, 2026.
• The addendum modifies certain Rule 144-related provisions, eliminates a prior right of first refusal, and establishes additional commercial arrangements between the parties. Sagtec delivered an Authorization and Transfer Instruction on July 26, 2026, designating a nominee to receive the returned shares; Kinetic Seas executed those instructions on July 27, 2026.

Key Details

• Third Addendum executed: July 7, 2026.
• Shares transferred: 2,000,000 consideration shares; transfer instruction delivered July 26, 2026 and executed July 27, 2026.
• Contract changes: modifies Rule 144 provisions and removes the previously existing right of first refusal; adds further commercial arrangements between Kinetic Seas and Sagtec.
• Form 8-K filed to disclose execution and completion of the Third Addendum and related share transfer.

Why It Matters

• The filing documents a completed contractual change and a 2,000,000-share transfer tied to Kinetic Seas’ licensing relationship with Sagtec, and it changes the rules governing those shares (including resale and transfer provisions).
• Removal of the right of first refusal and modifications to Rule 144 provisions affect how those shares can be transferred or resold going forward — details are in the addendum. Retail investors should review the filed addendum for the precise commercial and transfer terms and consider how the share movement and contractual changes could affect ownership and liquidity.