Company: KITTW
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001849820-25-000120
Chunk: 22

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 22
---
2025 on behalf of Mr. Kreber.

6. Consists of (i) 2,139 shares held directly, and shares held indirectly by Material Impact Fund II, L.P. consisting of (ii) 83,702 shares issued as merger consideration, (iii) 106,194 shares issuable upon exercise of the SPA Warrants, (iv) 9,259 shares issuable upon the conversion of debt issued pursuant to the September Term Loan, (v) 1,399,360 shares issuable upon the conversion of debt issued pursuant to the January 2024 Term Loan and (v) 5,211,707 shares issuable upon conversion of the Series A Preferred Stock, assuming conversion of the entirety of each of these tranches. Our director, Adam Sharkawy is a founder and managing partner at Material Impact Fund II, L.P. The business address of Material Impact Fund II, L.P. is 131 Dartmouth Street, Boston, Massachusetts 02116. Dr. Sharkawy disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interests therein.

7. Consists of (i) 2,139 shares held directly and (ii) 4,642 shares held indirectly by Dumby I L.P. Mr. Spiro's wife is General Partner of Dumby I L.P. and Mr. Spiro is not a Limited Partner of Dumby I L.P. Mr. Spiro disclaims beneficial ownership of the shares held indirectly, except to the extent of his pecuniary interest therein

<div align='center'>16</div>

8. Total share number and percentage includes earnout shares and assumes conversion of the 7,175,000 Private Warrants, the SPA Warrants, the Series A Preferred Stock, and principal debt pursuant to the November 2024 Debentures, the September 2023 Term Loan and the January 2024 Term Loan.

.

<div align='center'>17</div>

ITEM 2: RATIFICATION OF INDEPENDENT REGISTERED ACCOUNTING FIRM

The Audit Committee has engaged Whitley Penn LLP (“Whitley Penn”) as the Company’s independent registered public accounting firm and has approved retaining Whitley Penn as the Company’s independent registered public accounting firm for the year ending December 31, 2025. The Audit Committee in its discretion may direct the appointment of a different independent registered public accounting firm at any time during the year if they determine that such a change would be in