Seafarer Exploration CORP

Market Movers (8-K)

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Seafarer Exploration Corp. announced a substantial increase in its authorized common shares from 9.9 billion to 17 billion, effective June 16, 2025, providing the company with greater flexibility for future capital actions.
Worse than expected
Capital raise
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Seafarer Exploration Corp. has changed its independent auditor from Accell Audit and Compliance, P.A. to Astra Audit & Advisory LLC, effective August 9, 2024, due to Accell ceasing PCAOB audit services.
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Seafarer Exploration Corp. has received a crucial 5-year permit from the U.S. Army Corps of Engineers, along with other key approvals, allowing them to commence full operations at the Juno Beach shipwreck site.
Delay expected
Capital raise

Quarterly Earnings (10-Q)

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Seafarer Exploration Corp. files an amendment to its Q1 2026 Form 10-Q, primarily to include iXBRL data and correct minor typographical errors, with no changes to the reported financial information.
Worse than expected
Capital raise
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Seafarer Exploration Corp. reports a net loss of $894,170 for Q1 2026, with significant working capital deficit and substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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Seafarer Exploration Corp. reported a reduced net loss for Q3 2025, but faces significant liquidity challenges, a substantial working capital deficit, and ongoing going concern doubts.
Delay expected
Worse than expected
Capital raise
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Seafarer Exploration Corp. reported continued significant net losses and a worsening working capital deficit, raising substantial doubt about its ability to continue as a going concern.
Delay expected
Worse than expected
Capital raise
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Seafarer Exploration Corp. reported a net loss of $1.38 million for the six months ended June 30, 2025, alongside a significant working capital deficit and substantial doubt about its ability to continue as a going concern.
Delay expected
Worse than expected
Capital raise
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Seafarer Exploration Corp.'s Q1 2025 results reveal ongoing net losses, a significant working capital deficit, and substantial doubt about the company's ability to continue as a going concern due to debt defaults and limited revenue generation.
Worse than expected
Capital raise

Annual Reports (10-K)

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Seafarer Exploration Corp. filed an amendment to its 2025 Annual Report to provide required iXBRL data and correct minor typographical errors.
Delay expected
Capital raise
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Seafarer Exploration Corp. reports significant operating losses, a substantial working capital deficit, and auditor doubts about its ability to continue as a going concern for the year ended December 31, 2025.
Delay expected
Worse than expected
Capital raise
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Seafarer Exploration Corp. files an amendment to its 2024 annual report, highlighting ongoing financial losses and substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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Seafarer Exploration Corp. files an amendment to its 10-K report, highlighting ongoing financial losses, substantial debt, and material weaknesses in internal controls, raising concerns about the company's ability to continue as a going concern.
Capital raise
Worse than expected
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Seafarer Exploration Corp.'s 10-K filing reveals ongoing operating losses, substantial doubt about its ability to continue as a going concern, and reliance on external financing for its speculative shipwreck exploration business.
Delay expected
Worse than expected
Capital raise
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Seafarer Exploration Corp. has filed an amendment to its annual report to correct checkmarks on the cover page, with no other changes to the original filing.
Delay expected
Worse than expected
Capital raise

Insider Trading (Form 4)

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SEAFARER EXPLORATION CORP CEO Kyle Kennedy acquired 12 million shares of common stock at $0.0013 per share, increasing his direct beneficial ownership.
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Seafarer Exploration Corp. Director Thomas B. Soeder acquired 10 million shares of common stock, increasing his direct and indirect beneficial ownership.
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SEAFARER EXPLORATION CORP Director Robert L. Kennedy acquired 10 million shares of common stock, increasing his direct beneficial ownership.
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Seafarer Exploration Corp. Director Bradford S. Clark acquired 10 million shares of common stock at $0.0025 per share, increasing his direct beneficial ownership.
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Seafarer Exploration Corp. Director Charles Branscum acquired 10 million shares of common stock at $0.0025 per share, increasing his direct beneficial ownership to 146 million shares.
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Seafarer Exploration Corp. Director Bradford S. Clark acquired 6.9 million shares of common stock, increasing his direct beneficial ownership.