Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 49

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 49
---
 has sole

<div align='center'>29</div>

#### NAUTICUS ROBOTICS, INC.

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
<div align='center'>(UNAUDITED)</div>

investment discretion. The Company’s cost for the 401(k) plan was $ 41,648and $ 144,913, and $ 103,446and $ 262,952, for the three and nine months ended September 30, 2024 and 2023, respectively.

#### 16. Related Party Transactions
SPA Warrants – The SPA Warrants are held by related parties ATW I, MIF and SLS Family Irrevocable Trust (see Note 13 – Warrants). During the nine months ended September 30, 2024, ATW and SLS exercised 615,589and 38,230SPA Warrants, respectively, in exchange for Common Stock.

Convertible Secured Debentures – During the third quarter of 2024, ATW I converted secured debentures with a principal value of $ 3,425,000and interest of $ 96,528into 1,322,604shares.

During the second quarter of 2024, ATW I converted secured debentures with a principal value of $ 2,194,231and interest of $ 43,167into 628,942shares.

On January 30, 2024, the Company and certain of its subsidiaries and ATW I entered into an Amendment and Exchange Agreement (the “Amendment and Exchange Agreement”), pursuant to which ATW I transferred its existing 5% Original Issue Discount Senior Secured Convertible Debenture to the Company in exchange for a new Original Issue Discount Exchanged Senior Secured Convertible Debenture due September 9, 2026 (the “New Debenture”) in the aggregate principal amount of $ 29,591,600. In addition, on January 30, 2024, the Company and certain of its subsidiaries entered into additional Amendment and Exchange Agreements with MIF and SLS Family Irrevocable Trust on substantially similar terms, pursuant to which MIF and SLS Family Irrevocable Trust transferred their existing 5% Original Issue Discount Senior Secured Convertible Debentures to the Company in exchange for New Debentures in the aggregate principal amount of $ 5,102,000and $ 1,836,720, respectively