Company: KITTW
Filing Date: 2025-02-03
Form Type: S-3
Source: 0001849820-25-000045
Chunk: 50

Company: Nauticus Robotics, Inc.
Filing Date: 2025-02-03
Form: S-3
Chunk 50
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 believes it satisfies the criteria for continued listing.

If we were to fail to meet a Nasdaq Capital Market listing requirement, we may be subject to delisting by the Nasdaq Capital Market. In the event our common stock is no longer listed for trading on Nasdaq, our trading volume and share price may decrease and we may experience further difficulties in raising capital, which could materially affect our operations and financial results. Further, delisting from the Nasdaq Capital Market could also have other negative effects, including potential loss of confidence by customers, partners, lenders, suppliers, and employees and could also trigger various defaults under our financing arrangements and other outstanding agreements. Finally, delisting could make it harder for us to raise capital and sell securities.

Purchasers in this offering may experience immediate and substantial dilution in the book value of their investment.

The offering price per share in this offering may exceed the net tangible book value per share of our common stock outstanding prior to this offering. Assuming that an aggregate 9,677,419 shares of our common stock are sold at a pric e of $3.10 per share pursuant to this prospectus supplement and the accompanying prospectus, which was the last reported sale price of our common stock on the Nasdaq on January 15, 2025, for aggregate gross proceeds of $30,000,000, af ter deducting commissions and estimated aggregate offering expenses payable by us, you would experience immediate dilution of $1.60 per share, representing the difference between our as adjusted pro-forma net tangible book value per share as of Septe mber 30, 2024 aft er giving effect to this offering and the assumed offering price. See “Dilution” for a more detailed description of the dilution to new investors in the offering.

We will have broad discretion in how we use the net proceeds of this offering. We may not use these proceeds effectively, which could affect our results of operations and cause our stock price to decline.

<div align='center'>S-3</div>

Although we currently intend to use the net proceeds from this offering in the manner described in the section entitled “Use of Proceeds” in this prospectus supplement, we will have considerable discretion in the application of the net proceeds of this offering. We may use the net proceeds for purposes that do not yield a significant return or any return at all for our stockholders. In addition, pending their use, we may invest the net proceeds from this offering in a manner that does not produce income or that