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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
March 12, 2026
KINETIC
SEAS INCORPORATED
(Exact name of registrant as specified in its charter)
|
Colorado
(State or other jurisdiction
of incorporation or organization) |
000-56478
(Commission
File Number) |
47-1981170
(IRS Employer
Identification No.) |
1501
Woodfield Road, Suite 114E
Schaumburg, IL
60173
(Address of principal executive office) (Zip Code)
(847) 754-4600
(Registrants’ telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
| None |
None |
None |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter)
Emerging Growth Company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
Press Release
Kinetic Seas Incorporated (the “Company”) issued a press release
on March 12, 2026. A copy of the press release is attached as Exhibit 99.1.
The information set forth in this Item 8.01 of Form 8-K is furnished pursuant
to Item 8.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference
in such filing.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
| Item No. |
|
Description |
| |
|
|
| 99 |
|
Press Released dated March 12, 2026 |
| |
|
|
| 104 |
|
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
| |
Kinetic Seas Incorporated |
| |
|
|
| |
|
|
| Dated: March 16, 2026 |
By: |
/s/ Edward Honour |
| |
Name: |
Ed Honour |
| |
Title: |
Chief Executive Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Kinetic Seas Completes Phase 1 of $4M AI Mobility Platform With
Sagtec for Malaysia Premium Travel Market
Milestone validates the expanded strategic partnership with Sagtec
Global Limited as Grandpride mobility system advances toward deployment across Southeast Asia
SCHAUMBURG, Illinois — March 12, 2026 — Kinetic
Seas Incorporated (OTCQB: KSEZ) announced the ahead-of-schedule completion of Phase 1 of a $4.0 million AI mobility platform being developed
with Sagtec Global Limited (NASDAQ: SAGT) for Grandpride Luxury Travel in Malaysia. The milestone marks the first major deployment of
Kinetic Seas’ Skilliks AI planning platform in a multi-stakeholder enterprise mobility project serving Southeast Asia’s rapidly
expanding digital transportation market.
Phase one included requirements discovery, system architecture design
and detailed project planning for the Grandpride Luxury Travel Smart AI E-Hailing, Car Rental and Subscription System. The phase was
executed using Kinetic Seas’ development team and the Skilliks platform to coordinate project inputs across Sagtec and Grandpride
stakeholders.
The platform is designed to support premium ride-hailing, vehicle
rental and subscription-based transportation services across major urban and tourism markets in Malaysia, targeting high-value leisure
travelers and corporate clients seeking premium digital mobility experiences.
The project is being delivered under a $4.0 million software development
agreement between Sagtec and Grandpride. The agreement includes approximately $1.6 million for licensing and custom software development
and $2.4 million in multi-year services, including hosting, maintenance and analytics.
The milestone highlights the expanding collaboration between Kinetic
Seas and Sagtec to deploy AI-driven platforms across Southeast Asia and demonstrates the role of Skilliks as a core planning and execution
layer for complex enterprise AI deployments.
“With Phase one completed ahead of schedule, we are seeing our
partnership with Sagtec deliver exactly what it was designed to do—transform complex AI programs involving multiple stakeholders
into structured, executable delivery plans,” said Edward Honour, Chief Executive Officer and Chairman of Kinetic Seas. “Grandpride
demonstrates how the Skilliks platform can help accelerate the deployment of next-generation mobility platforms in rapidly growing digital
markets such as Malaysia and the broader ASEAN region.”
Malaysia and Southeast Asia continue to experience rapid adoption
of AI and digital technologies, with enterprise spending on AI and analytics expected to grow at double-digit rates as businesses modernize
transportation, commerce and services infrastructure.
As the Grandpride project moves into development and deployment phases,
the Skilliks platform is expected to remain central to project coordination and delivery optimization. Under its strategic partnership
framework with Sagtec, Kinetic Seas is entitled to 30% of revenues generated by Grandpride mobility platform deliveries, providing participation
in both development revenues and ongoing service and hosting components.
Beyond the Grandpride initiative, Kinetic Seas and Sagtec are working
to integrate Skilliks more broadly into Sagtec’s AI and SaaS delivery framework across mobility, retail, food and beverage and
other sectors. Sagtec currently serves more than 13,000 businesses across Southeast Asia and has outlined an AI growth strategy targeting
$12–15 million in AI-related revenue in FY 2026.
Kinetic Seas previously received 5.5 million shares of SAGT common
stock in connection with its long-term collaboration with Sagtec, aligning both companies around Sagtec’s expanding AI and enterprise
software strategy.
About Kinetic Seas Incorporated (OTCQB: KSEZ)
Kinetic Seas Incorporated develops artificial intelligence and full-stack
software solutions, led by its Skilliks AI platform and a global community of AI experts. The company focuses on building production-grade
AI systems including deep learning, natural language processing and computer vision technologies for enterprise clients worldwide.
About Sagtec Global Limited (Nasdaq: SAGT)
Sagtec Global Limited (NASDAQ: SAGT) is a technology solutions provider
delivering customizable software platforms, AI-enabled systems and cloud-based services to enterprise and institutional clients. Sagtec
supports digital transformation across sectors including mobility, retail, food and beverage and services, and currently serves more
than 13,000 businesses across Southeast Asia. For more information, please visit www.sagtec-global.com.
About Grandpride Luxury Travel Sdn. Bhd.
Grandpride Luxury Travel Sdn. Bhd. is a Malaysia-based luxury travel
and mobility services provider offering premium ride-hailing, vehicle rental and subscription-based transportation solutions in key urban
and tourism markets. Its services include high-end and exotic vehicles, flexible subscription plans and concierge-supported mobility
experiences for individual and corporate customers.
Forward-Looking Statements
This press release contains forward-looking statements, including
statements regarding the anticipated impact of Kinetic Seas’ partnership with Sagtec, expected revenue participation from the Grandpride
contract and other AI-related projects, the growth of AI and enterprise software markets in Malaysia and Southeast Asia, and Kinetic
Seas’ ability to scale its Skilliks platform and strategic partnerships. These statements are based on current expectations and
assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
Forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set forth
in the Risk Factors section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC")
on April 24, 2025, and any other SEC filings, as amended or updated from time to time. Copies of the Company's filings with the SEC are
available on the SEC's website at www.sec.gov/edgar/searchedgar/companysearch. The Company undertakes no obligation to update these statements
for revisions or changes after the date of this release, except as required by law.
Kinetic Seas Incorporated (OTCQB: KSEZ) trades on the OTCQB Venture
Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual
verification and management certification process. Investors can find real-time quotes and market information for the company on www.otcmarkets.com.
Media Contact:
Edward Honour
CEO / Chairman of the Board
Email: Edward.Honour@KineticSeas.com
Kinetic Seas Incorporated
1501 Woodfield Rd, Suite 114E
Schaumburg, IL 60173
