Company: KITTW
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001849820-25-000120
Chunk: 33

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 33
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• prevailing stock market conditions;

• general economic conditions in our industry;

• the anticipated impact of the reverse split on the trading market for our common stock;

• the anticipated impact of the reverse split on our ability to raise financing;

• business developments affecting the Company;

• the likely effect on the market price of the Company’s Common Stock;

• the marketability and liquidity of the Company’s Common Stock;

• our market capitalization before, and anticipated market capitalization after, the Reverse Stock Split;

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• the number of authorized and unissued shares of common stock available under our Certificate of Incorporation prior to the Reverse Stock Split;

• the number of shares of common stock reserved for future issuance prior to the Reverse Stock Split; and

• the estimated number of additional shares of common stock our Board expects to be required or desirable to raise the additional financing necessary to operate our business and satisfy our obligations and otherwise for the continued growth and development of our business following the Reverse Stock Split.

Our Board of Directors believes that stockholder approval granting us discretion to set the actual ratio within the range described above, rather than stockholder approval of a specified ratio, is in our best interests and those of our stockholders because it is not possible to predict market conditions at the time the Reverse Stock Split would be implemented. This proposal provides us with maximum flexibility to achieve the desired results of the Reverse Stock Split and to react to many factors that may affect how we determine the ratio. These factors include, the then-current market conditions and volatility in the market price of our common stock, setting a ratio that is intended to maintain for the foreseeable future, given market fluctuations, and achieving a stock price well in excess of $1 per share to avoid potential future delisting from the NASDAQ, amongst others. The delisting from NASDAQ could have an adverse effect on our business, liquidity, and on the trading of our common stock due to, among other things, potential loss of confidence by partners, lenders, suppliers, customers, and employees, and increased difficulty in raising capital. Therefore, we believe that granting our Board the authority to set the ratio for the Reverse Stock Split is essential because it allows us to take these factors into consideration and to react to changing market conditions.

We also believe that an increased market price of our common stock may improve the marketability and liquidity of our common stock and encourage interest and trading in our shares of common stock, as well as bring the price of our common stock to a level commensurate with