Seafarer Exploration Corp

Seafarer Exploration Corp is a U.S.-based public company organized around the acquisition, development, and commercialization of marine-related business opportunities. The company’s filings indicate a small reporting company structure with limited disclosed operating detail and a focus on raising capital and funding corporate activities.

0.02

0.02

— Seafarer Exploration Corp
%
Business development and project activities50% Corporate and project-level activities tied to marine or exploration opportunities.
Equity issuance for services25% Common stock issued to service providers and affiliated parties.
Capital raising and financing25% Restricted stock subscriptions used to fund operations and debt repayment.

The company’s disclosed counterparties are primarily service providers, accredited investors, and persons affiliated...

  • Accredited investorsprimary

    Buy restricted common stock in subscription agreements to provide working capital and debt repayment funds.

  • Service providersprimary

    Receive shares for various services rendered to the company.

  • Affiliated business participantssecondary

    Persons familiar with the company’s proposed business who may support corporate or project activities.

The company is based in the United States, and the available filings do not disclose meaningful operating geography...

  • •United States is the company’s disclosed home market and reporting base
  • •No country-level revenue disclosure was provided in the excerpts
  • •Operations appear centered on U.S. corporate and financing activity
  • •Geographic exposure cannot be meaningfully segmented from the available data

The disclosed strategy appears centered on funding the company through equity issuance and subscription financings...

01
Capital formationshort-term

The company depends on equity financing to fund operations and reduce debt pressure.

02
Preserve cash through non-cash compensationshort-term

Issuing shares for services reduces immediate cash outflow.

The company faces financing and going-concern-style pressure typical of early-stage public issuers that rely on...

high

Debt defaults on promissory notes and loans

The company disclosed several notes and loans in default due to non-payment of principal and interest.

Scope
Capital structure and liquidity
Materiality
high
high

Equity dilution

The company issued large volumes of common stock for services and cash subscriptions.

Scope
Shareholder value and per-share economics
Materiality
high
medium

Limited operating visibility

The excerpts do not show a stable commercial revenue base or detailed segment reporting.

Scope
Business model sustainability
Materiality
high
Share-based payments and equity-for-services
Can materially increase non-cash compensation expense and dilute equity
Debt default accounting
Can affect current liabilities, interest accruals, and solvency presentation
Restricted stock subscription proceeds
Affects cash flow, equity balances, and financing disclosures

OCEANEERING INTERNATIONAL INC

OII · Oil & Gas Field Services, NEC

ODYSSEY MARINE EXPLORATION INC

OMEX · Water Transportation

JOCOM HOLDINGS CORP.

Services-Miscellaneous Business Services

MINERALRITE Corp

RITE · Miscellaneous Metal Ores

MARINE PETROLEUM TRUST

MARPS · Oil Royalty Traders

Seadrill Ltd

SDRL · Drilling Oil & Gas Wells

: 29/04/2026