Kinetic Seas (KSEZ) Form 3 Kinetic Seas / ERIK S NELSON ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

NELSON ERIK S

(Last) (First) (Middle)

2030 POWERS FERRY ROAD SE

SUITE 212

(Street)

ATLANTA GA 30339

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/18/2022

3. Issuer Name and Ticker or Trading Symbol
Kinetic Seas Inc. [ ECGR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
CEO, CFO, President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	100,000,000	I	Owned by Coral Investment Partners, LP(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Warrants	(2)	06/20/2026	Common Stock	50,000,000	0.001	I(1)	Owned by Coral Investment Partners, LP(1)
Class B Warrants	(3)	06/20/2026	Common Stock	50,000,000	0.025	I(1)	Owned by Coral Investment Partners, LP(1)

Explanation of Responses:

1. Coral Investment Partners, LP ("Coral"), a Georgia limited partnership, has direct beneficial ownership of all the securities owned by Coral. Sterling Management Services, LLC ("SMS"), a Georgia limited liability company, is the general partner of Coral, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral, but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. Erik S. Nelson is the owner and manager of SMS, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral and SMS., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. The Class A Warrants are exercisable immediately, provided that they may not be exercised if the holder would own more than 4.99% of the Company's common stock immediately following the exercise.

3. The Class B Warrants are exercisable immediately, provided that they may not be exercised if the holder would own more than 4.99% of the Company's common stock immediately following the exercise.

	/s/ Erik S. Nelson, Individually	04/08/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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