Business UpdateMay 29, 2026, 04:23 PM
Kinetic Seas Transforms to AI Company, Licenses Skilliks Platform
AI Summary
Kinetic Seas Inc. transformed from a shell company into an AI consulting, research, and software firm in late 2023, following a change in control where new directors acquired an 84% stake. The company focuses on locally deployed AI solutions, offering consulting, training, and proprietary product development. In fiscal year 2025, it licensed its Skilliks AI platform to an international client, receiving equity compensation and revenue participation. As of December 31, 2024, the company reported having only one customer.
Key Highlights
- New Directors acquired 84% of common stock on Dec 14, 2023, initiating AI business pivot.
- Company transformed from a shell to an AI consulting, R&D, and software firm.
- Licensed proprietary Skilliks AI platform to an international client in fiscal year 2025.
- Received equity compensation and revenue participation from Skilliks licensing deal.
- Reported having only one customer as of December 31, 2024.
- Transitioned from two employees to a consultant-based workforce in January 2025.
- Terminated server colocation services with Databank Holdings Inc.
Price Impact