Erik S. Nelson - Nov 18, 2022 Form 3 Insider Report for Kinetic Seas Inc. (ECGR)

Role: CEO, CFO, President, Director, 10%+ Owner
Signature: /s/ Erik S. Nelson, Individually
Stock symbol: ECGR
Transactions as of: Nov 18, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/8/2024, 05:10 PM
Previous filing: Aug 28, 2023
Next filing: Apr 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ECGR	Common Stock						100M	Nov 18, 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							Nov 18, 2022	Common Stock	50M	$0.00	Owned by Coral Investment Partners, LP	F1, F2
holding	ECGR	Class B Warrants							Nov 18, 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.