Company: KITTW
Filing Date: 2025-02-12
Form Type: CORRESP
Source: 0001849820-25-000049
Chunk: 1

Company: Nauticus Robotics, Inc.
Filing Date: 2025-02-12
Form: CORRESP
Chunk 1
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15,673,216 outstanding shares of common stock held by non-affiliates. Computed based on these two numbers, the aggregate market value of the Company’s outstanding common stock was $76,171,829.76. Therefore, the Company would qualify to rely on General Instruction I.B.1 of the Form S-3 to register this offering. General 2. We note that your current report on Form 8-K filed 1/6/2025 (date of event: 12/27/2024) appears to be one day late. General Instruction I.A.3.(b) of Form S-3 requires that a registrant has timely filed all required reports during the last twelve months. Please advise why you believe that you are eligible to file on Form S-3. Response: The Company respectfully informs the Staff that the Company believes that this January 6, 2025 Form 8-K contained disclosure items that either (1) would not impact the S-3 eligibility; or (2) were already disclosed in prior 8-Ks. In particular, pursuant to General Instructions I.A.3(b) to the Form S-3, the following Form 8-K Items are excluded from the S-3 eligibility requirements: Item 1.01, 1.02, 2.03. The January 6, 2025 Form 8-K reported the closing of the exchange of certain debentures to Series A Preferred Stock of the Company, under the following Items: Item 1.01, 1.02, 2.03, 3.02, 3.03 and 5.03. We believe the first three Items (Item 1.01, 1.02 and 2.03) would be excluded from the termination of S-3 eligibility. The events that triggered the remaining Items (Item 3.02, 3.03 and 5.03) were ‘previously reported’ (as defined in Rule 12b-2) on a timely basis on Form 8-Ks. Specifically, regarding the Item 3.02 (Unregistered Sale of Equity Securities), we believe the trigger would be the “sale” of the preferred stock, which happened on the execution of the Second Amendment and Exchange Agreement (the “Exchange Agreement”), by and among the Company and certain institutional investors, as ‘previously reported’ (as defined in Rule 12b-2) on a timely basis by the Form