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  4. [NT 10-Q] Kinetic Seas Inc. SEC Filing

Kinetic Seas (KSEZ) postpones June 30, 2026 quarterly report pending revenue review

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

Kinetic Seas Incorporated notified regulators that it will file its quarterly report for the period ended June 30, 2026 after the deadline. The delay stems from ongoing analysis of revenue recognition related to an investment held by the company, which requires financial information and supporting documentation from the investee company.

The company states that some of this information was not available in time to complete the financial statements without unreasonable effort or expense. Kinetic Seas reports that it is working diligently to finalize the accounting treatment and disclosures and expects to file the quarterly report within the extension period permitted under Rule 12b-25.

Positive

  • None.

Negative

  • None.
Reporting period end June 30, 2026 Quarterly period covered by the delayed report
Extension window fifth calendar day following the prescribed due date Maximum extension for a quarterly report under Rule 12b-25(b)
Signature date August 14, 2026 Date the Chief Executive Officer signed the notification
Rule 12b-25 regulatory
"relief pursuant to Rule 12b-25(b)"
Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.
recognition of revenue financial
"accounting considerations related to the recognition of revenue"
investee company financial
"supporting documentation from the investee company"
quarterly report financial
"its financial statements and related disclosures for the quarterly period"
A quarterly report is a company's regular financial update, issued every three months, that summarizes key numbers like sales, profits, cash flow and management’s brief commentary on operations. Investors use it like a report card or car dashboard: it shows recent performance, highlights trends or problems, and helps decide whether the stock’s price and future prospects justify buying, holding or selling.

FAQ

Why did Kinetic Seas (KSEZ) file a late notice for its June 30, 2026 quarterly report?
Kinetic Seas filed a late notice because it needs more time to complete financial statements involving revenue recognition for an investment. The company is awaiting financial information and supporting documentation from the investee company needed to determine the appropriate accounting treatment.

What period does Kinetic Seas (KSEZ) say is affected by the delayed quarterly filing?
The delay relates to Kinetic Seas’ quarterly report for the period ended June 30, 2026. The company is still finalizing financial statements and disclosures for this period, primarily due to outstanding information required for investment-related revenue recognition analysis.

How long an extension does Kinetic Seas (KSEZ) expect for its late quarterly report?
Kinetic Seas indicates it expects to file its quarterly report within the extension period permitted under Rule 12b-25. For a quarterly report, this rule allows filing on or before the fifth calendar day following the original due date.

What specific accounting issue is delaying Kinetic Seas (KSEZ) June 30, 2026 report?
The delay is tied to accounting considerations for recognition of revenue associated with an investment held by Kinetic Seas. Determining the appropriate treatment requires obtaining and reviewing financial information and supporting documentation from the investee company.

Did Kinetic Seas (KSEZ) indicate dependence on a third party for its delayed filing?
Yes. Kinetic Seas states that the timing of its analysis depends partly on receiving necessary financial information from the investee company. Certain information was not available in time to complete the quarterly financial statements without unreasonable effort or expense.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

 

FORM 12b-25

NOTIFICATION OF LATE FILING

 

 

(Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K        
  ☒ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR    

 

For Period Ended: June 30, 2026

 

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

 

For the Transition Period Ended: _______________________________________

 

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

 

PART I - REGISTRANT INFORMATION

 

KINETIC SEAS INCORPORATED

Full Name of Registrant

 

 

Former Name if Applicable

 

1501 E. Woodfield Rd., Suite 114E

Address of Principal Executive Office (Street and Number)

 

Schaumburg, IL 60173

City, State, Zip Code

 

 

 

   

 

 

PART II - RULES 12b-25 (b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

  (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
     
☒ (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject ☐ quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
     
  (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III - NARRATIVE

 

Kinetic Seas Incorporated (the “Company”) requires additional time to complete and finalize its financial statements and related disclosures for the quarterly period ended June 30, 2026.

 

The Company’s financial statements for the reporting period include accounting considerations related to the recognition of revenue associated with an investment held by the Company. The determination of the appropriate accounting treatment requires the Company to obtain and review certain financial information and supporting documentation from the investee company.

 

The timing of the Company’s completion of this analysis is dependent, in part, upon the receipt of the necessary financial information from the investee company. Certain of this information was not available within the timeframe required for the Company to complete its financial statements and related disclosures without unreasonable effort or expense.

 

As a result, the Company has been unable to complete its Form 10-Q within the prescribed time period. The Company is working diligently to obtain and review the required financial information, finalize the applicable accounting treatment and related disclosures, and expects to file its Form 10-Q within the extension period permitted under Rule 12b-25.

 

PART IV - OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification:

 

Edward Honour   (202)   570-0557
(Name)   (Area Code)   (Telephone No.)

 

(2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).
  ☒ Yes ☐ No
   
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
  ☒ Yes ☐ No

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

See above narrative.

 

 2 

 

 

KINETIC SEAS INCORPORATED

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

Date: August 14, 2026 By: /s/ Edward Honour
  Name: Edward Honour
  Title: Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 3 

 

 

Source: View Original Filing on SEC EDGAR