Company: KITTW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001849820-25-000128
Chunk: 29

Company: Nauticus Robotics, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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Cash flows from investing activities:  Capital expenditures(47,989)(324,147)Acquisition of business, net of cash acquired(3,871,992)- Proceeds from sale of assets held for sale- 384,708 Proceeds from sale of property and equipment- 7,921 Net cash (used in) provided by investing activities(3,919,981)68,482 Cash flows from financing activities:  Proceeds from notes payable- 13,305,000 Payment of debt issuance costs on notes payable- (1,279,291)Proceeds from ATM offering20,141,905 - Payment of ATM commissions and fees(703,784)- Net cash from financing activities19,438,121 12,025,709 Net change in cash and cash equivalents8,868,257 5,433,909 Cash and cash equivalents, beginning of period1,186,047 753,398 Cash and cash equivalents, end of period$10,054,304 $6,187,307 Supplemental disclosure of cash flow information:  Cash paid for interest$- $23,469 Cash paid for taxes$- $- Non-cash investing and financing activities:  Conversion of 2024 Term Loan notes and interest to Common Stock$2,870,573 $- Earnout shares for acquisition$6,864,729 $- 

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Debt assumed in acquisition$(2,437,744)$- Accrued purchase price$3,549,196 $- Operating leases at inception$- $1,185,119 Exercise of warrants$- $1,339,654 Liabilities relieved through sale of asset held for sale$- $1,158,609 Transfer from assets held for sale to property and equipment$- $55,642 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Table of ContentsNAUTICUS ROBOTICS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

1. Description of the Business

Nauticus Robotics, Inc. (the “Company,” “our,” “us” or “we”) is a developer of ocean robots, cloud software and services delivered to the ocean industry. Our principal corporate offices are located in Webster, Texas. Our portfolio includes