Company: KITTW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001849820-25-000242
Chunk: 13

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 13
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 $4,900,000.

This description of the Purchase Agreement and the transactions related thereto does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement filed as Exhibit 10.1 to our current report on Form 8-K filed on August 7, 2025, which is incorporated by reference herein.

#### Series B Convertible Preferred Stock
The following is a summary of the material terms and provisions of the Series B Preferred Stock. This summary is subject to and qualified in its entirety by the Certificate of Designations, attached as Appendix A of this proxy statement, and our Second Amended and Restated Certificate of Incorporation, as amended.

On August 7, 2025, the Company designated 50,000 shares of the Company’s authorized and unissued preferred stock as Series B Preferred Stock (“Preferred Shares”) and established the rights, preferences and privileges of the Series B Preferred Stock pursuant to the Certificate of Designations filed with the Secretary of State of the State of Delaware, as summarized below:

General . Each share of Series B Preferred Stock has a stated value of $1,000 per share and, when issued, the Series B Preferred Stock will be fully paid and non-assessable.

Ranking . The Series B Preferred Stock, with respect to the payment of dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company, ranks senior to all capital stock of the Company, unless the Required Holders (as defined in the Purchase Agreement) consent to the creation of other capital stock of the Company that is senior or on parity in rank (which, for the avoidance of doubt, such parity stock shall include the Series A Convertible Preferred Stock, $0.0001 par value, of the Company) to the Series B Preferred Stock.

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Dividends . The holders of Series B Preferred Stock will be entitled to a 10% per annum dividends, on an as-if converted basis, equal to and in the same form as dividends actually paid on shares of Common Stock, when and if actually paid. The dividends are payable to each record holder of the Series B Preferred Stock in shares of Common Stock so long as there has been no Equity Conditions Failure (as defined in the Certificate of Designations), and the Company may, at its option, under certain circumstances, capitalize the dividend by increasing the stated value of each Preferred Shares or elect a combination of the capitalized dividend and a payment in dividend shares