Schedule 13D/A: Morsevo Trade Holds 7.24M KARX Shares Following Conversion

Rhea-AI Filing Summary

Morsevo Trade, Inc. reports beneficial ownership of 7,243,923 shares of Karbon-X Corp. The filing states the shares were acquired for investment purposes using working capital and includes the conversion on August 27, 2025 of a convertible note

The reporting person lists no present plans to effect governance changes or other actions described in Item 4 and discloses no material legal or criminal history for the reporting entity or its principal. The filing includes a detailed schedule of market purchases and occasional small sales documented by date and per-share price.

Positive

• Beneficial ownership of 7,243,923 shares representing approximately 8.0% of the class
• Conversion of a $400,000 convertible note into 918,889 shares on August 27, 2025
• Detailed transaction record of market purchases and small sales, including dates and per-share prices
• Reporting person discloses no legal or criminal issues in the past five years

Negative

• None.

Insights

Financial Analyst

TL;DR: Reporting person holds an 8.0% stake after converting a $400,000 note and multiple market purchases; position declared as investment only.

The Schedule 13D/A shows Morsevo Trade, Inc. beneficially owns 7,243,923 shares (8.0%). A convertible note with $400,000 original principal converted into 918,889 shares on August 27, 2025, which materially increased the stake. The remainder of the position was accumulated through numerous market purchases at prices documented in the filing. The reporting person explicitly states the acquisition is for investment purposes and disclaims any current plans to change board composition, governance, or corporate strategy. For investors, this disclosure signals a meaningful passive stake without declared activism.

Corporate Governance Expert

TL;DR: An 8.0% beneficial holding is disclosed, but the filer affirms no present plan to pursue governance actions.

The filing complies with Schedule 13D disclosure requirements by identifying the reporting person, source of funds

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Karbon-X Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

19179P109

(CUSIP Number)

M. Richard Cutler, Cutler Law
6575 West Loop South, Suite 500
Bellaire, TX, 77401
7138880040

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/16/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 19179P109

1

Name of reporting person

Morsevo Trade, Inc

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BAHAMAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,243,923.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,243,923.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,243,923.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Karbon-X Corp
(c)	Address of Issuer's Principal Executive Offices: 1720 54- 5 AVE SW, CALGARY, ALBERTA, CANADA , T2P 0M2.
Item 1 Comment: This Schedule 13D relates to the acquisition of shares of Common Stock (the "Shares") of Karbon-X Corp., whose principal executive offices are located at 6575 West Loop South, Suite 500, Bellaire, TX 77401.
Item 2.	Identity and Background
(a)	Morsevo Trade, Inc. a Bahamian corporation.
(b)	Its business address is Shirley Street and Federick Steps Corner, Nassau Bahamas. Stanislav Drgon is President and 100% beneficial owner of Morsevo Trade, Inc. whose business addresss is the same as Morsevo Trade, Inc.
(c)	Mr. Drgon is an investor.
(d)	During the last five years, neither Morsevo nor Mr. Drgon was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	During the last five years, neither Morsevo nor Mr. Drgon has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(f)	Morsevo Trade, Inc. is a Bahamian corporation. Mr. Drgon is a citizen of the Slovak Republic.
Item 3.	Source and Amount of Funds or Other Consideration
	The Reporting Persons acquired the Shares in consideration for cash from working capital.
Item 4.	Purpose of Transaction
	The Reporting Person acquired the Shares for investment purposes. The Reporting Person does not have any present plan or proposal as a stockholder which relates to, or would result in any action with respect to, the matters listed in paragraphs (b) through (j) of Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	On August 27, 2025 the Reporting Person acquired 918,889 shares of common stock upon conversion of a convertible note and interest with an original principal amount of $400,000. The Reporting Person acquired an additional 82,948 shares of common stock through market purchases as set forth below: Date Per Share Total 3/20/2025 Buy 100.00 1.9500 USD 3/20/2025 Buy 100.00 1.9700 USD 3/20/2025 Buy 100.00 1.9700 USD 3/20/2025 Buy 100.00 1.9700 USD 3/20/2025 Buy 100.00 1.9700 USD 3/21/2025 Buy 100.00 1.9700 USD 3/21/2025 Buy 400.00 1.9700 USD 3/24/2025 Buy 100.00 1.9700 USD 3/27/2025 Sell (100.00) 2.0500 USD 4/4/2025 Sell (100.00) 2.1000 USD 4/7/2025 Sell (100.00) 2.1000 USD 4/17/2025 Sell (1.00) 2.1500 USD 5/14/2025 Buy 900.00 1.2500 USD 6/23/2025 Buy 100.00 0.7038 USD 6/23/2025 Buy 300.00 0.7276 USD 6/23/2025 Buy 100.00 0.7500 USD 6/25/2025 Buy 100.00 0.9000 USD 6/25/2025 Buy 100.00 0.9000 USD 6/25/2025 Buy 700.00 0.9000 USD 6/25/2025 Buy 300.00 0.9000 USD 6/25/2025 Buy 300.00 0.9083 USD 6/26/2025 Buy 100.00 0.9315 USD 6/26/2025 Buy 100.00 0.9315 USD 7/9/2025 Buy 100.00 0.9000 USD 7/9/2025 Buy 447.00 0.9300 USD 7/9/2025 Buy 500.00 0.9200 USD 7/9/2025 Buy 53.00 0.9000 USD 7/9/2025 Buy 53.00 0.9300 USD 7/9/2025 Buy 47.00 0.9800 USD 7/9/2025 Buy 100.00 0.9000 USD 7/9/2025 Buy 150.00 0.9000 USD 7/9/2025 Buy 950.00 0.9800 USD 7/9/2025 Buy 97.00 1.0000 USD 7/9/2025 Buy 3.00 0.9800 USD 7/9/2025 Buy 900.00 1.0000 USD 7/9/2025 Buy 3.00 1.0400 USD 7/9/2025 Buy 97.00 1.0000 USD 7/10/2025 Buy 100.00 0.9000 USD 7/10/2025 Buy 150.00 0.9000 USD 7/10/2025 Buy 900.00 1.0000 USD 7/10/2025 Buy 650.00 1.0000 USD 7/10/2025 Buy 500.00 0.9800 USD 7/10/2025 Buy 53.00 1.0250 USD 7/10/2025 Buy 1,000.00 1.0800 USD 7/10/2025 Buy 47.00 1.0800 USD 7/10/2025 Buy 100.00 1.0800 USD 7/10/2025 Buy 200.00 1.0800 USD 7/10/2025 Buy 300.00 1.0800 USD 7/10/2025 Buy 300.00 1.0800 USD 7/10/2025 Buy 88.00 1.0800 USD 7/10/2025 Buy 100.00 1.0800 USD 7/10/2025 Buy 100.00 0.9000 USD 7/10/2025 Buy 1,000.00 0.9999 USD 7/10/2025 Buy 400.00 0.9000 USD 7/10/2025 Buy 1,000.00 1.0000 USD 7/10/2025 Buy 400.00 1.0800 USD 7/10/2025 Buy 390.00 1.0800 USD 7/10/2025 Buy 500.00 1.0800 USD 7/10/2025 Buy 110.00 1.0800 USD 7/10/2025 Buy 1,800.00 1.0000 USD 7/10/2025 Buy 90.00 1.0900 USD 7/10/2025 Buy 100.00 1.0900 USD 8/8/2025 Buy 100.00 0.5000 USD 8/8/2025 Buy 7,400.00 0.5000 USD 8/14/2025 Buy 100.00 0.5350 USD 8/18/2025 Buy 100.00 0.5000 USD 8/25/2027 Buy 100.00 0.4405 USD 8/29/2025 Buy 100.00 0.4405 USD 9/9/2025 Buy 5,000.00 0.5000 USD 9/9/2025 Buy 1,360.00 0.5000 USD 9/9/2025 Buy 1,140.00 0.5000 USD 9/9/2025 Buy 1,000.00 0.6000 USD 9/9/2025 Buy 2,000.00 0.5000 USD 9/9/2025 Buy 2,000.00 0.5000 USD 9/9/2025 Buy 2,000.00 0.5000 USD 9/9/2025 Buy 2,000.00 0.5000 USD 9/9/2025 Buy 2,000.00 0.5350 USD 9/9/2025 Buy 2,000.00 0.5539 USD 9/9/2025 Buy 680.00 0.5597 USD 9/9/2025 Buy 2,000.00 0.5614 USD 9/10/2025 Buy 1,000.00 0.6176 USD 9/10/2025 Buy 1,000.00 0.6176 USD 9/10/2025 Buy 7,400.00 0.5400 USD 9/10/2025 Buy 5,000.00 0.5500 USD 9/10/2025 Buy 1,000.00 0.6000 USD 9/10/2025 Buy 219.00 0.6113 USD 9/10/2025 Buy 5,172.00 0.6113 USD 9/11/2025 Buy 10,000.00 0.6500 USD 9/15/2025 Buy 1,000.00 0.6500 USD 9/15/2025 Buy 1,000.00 0.6500 USD 9/15/2025 Buy 1,000.00 0.6500 USD 9/15/2025 Buy 100.00 0.7000 USD During the past 60 days the Reporting Person has not otherwise bought or sold any securities on the open market or otherwise. As a result of these transactions as well as shares previously reported, the reporting person currently beneficially owns 7,243,923 shares. Such shares aggregate approximately 8.0% of the issued and outstanding shares
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	None.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morsevo Trade, Inc

Signature:	/s/ Stanislav Drgon
Name/Title:	Stanislav Drgon, President
Date:	09/16/2025

FAQ

How many Karbon-X Corp (KARX) shares does Morsevo Trade, Inc. beneficially own?

The filing states Morsevo Trade, Inc. beneficially owns 7,243,923 shares, approximately 8.0% of the outstanding common stock.

Did Morsevo Trade, Inc. convert any debt into KARX shares?

Yes. On August 27, 2025 the reporting person converted a convertible note with an original principal of $400,000 into 918,889 shares.

What was the stated purpose for acquiring KARX shares?

The filing states the shares were acquired for investment purposes and the reporting person currently has no plans to take actions described in Item 4 that would affect control or governance.

What source of funds was used to buy the KARX shares?

The filing indicates the source of funds was working capital.

Does the filer report any legal or criminal proceedings?

No. The filing discloses that neither Morsevo Trade, Inc. nor Stanislav Drgon were party to qualifying civil or criminal proceedings in the last five years.