Form 4: Ionic Ventures and Affiliates Cease Section 16 Reporting for Kinetic Seas Inc.
SEC Form 4 Filing
Ionic Ventures, LLC, Ionic Management, LLC, Brendan O'Neil, and Keith Coulston jointly report that they are no longer subject to Section 16 reporting requirements for Kinetic Seas Inc. as of January 3, 2025.
Summary
- Ionic Ventures, LLC, Ionic Management, LLC, Brendan O'Neil, and Keith Coulston are jointly filing a Form 4 to indicate they are no longer subject to Section 16 reporting for Kinetic Seas Inc.
- This change is effective as of January 3, 2025.
- The decision is based on the fact that there were 41,617,000 shares of Kinetic Seas Inc.'s common stock outstanding as of January 3, 2025.
- The reporting persons previously filed a joint filing agreement on August 27, 2024, which is incorporated by reference.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing indicating a change in reporting status. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing indicates a change in the reporting obligations of significant shareholders, which is a common occurrence as company ownership structures and shareholdings evolve. It's typical for investors to monitor such filings to understand changes in insider ownership and potential implications for the company's stock.
Stakeholder Impact
- The change in reporting status may be of interest to shareholders, as it reflects a change in the obligations of certain significant shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/27/2024 | Date of the joint filing agreement by and among each reporting person. |
| 01/03/2025 | Effective date for ceasing Section 16 reporting. |
| 02/24/2025 | Date the reporting persons were informed of the outstanding shares. |
| 02/27/2025 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.