Company: KITTW
Filing Date: 2025-09-15
Form Type: PRE 14A
Source: 0001849820-25-000237
Chunk: 19

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-15
Form: PRE 14A
Chunk 19
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 B Preferred Stock at the Floor Price would be 4,841,443.

Therefore, we are seeking stockholder approval under this Proposal 1 to fully issue all shares of Common Stock that are issuable pursuant to the Purchase Agreement (without regard to any limitations thereon set forth in the Purchase Agreement), if necessary, under the terms of the Purchase Agreement.

#### Risks Relating to the Series B Preferred Stock
and the Issuance of the Common Stock Upon Conversion

The issuance of our Common Stock in connection with the conversion of the Series B Preferred Stock will cause substantial dilution, which may materially affect the trading price of our common stock and earnings per share. Assuming that all 3,000 shares of Series B Preferred Stock are issued and all instruments are converted into Common Stock, 435,682 shares of Common Stock could be issued assuming a conversion price of $8.2629 per share (equivalent to $0.9181 per share prior to the Reverse Split, or 1,815,541 shares if the Floor Price of $1.6524 per share (equivalent to $0.1836 per share prior to the Reverse Split) applies. Assuming the issuance of all 5,000 additional shares of Series B Preferred Stock to the Investor under the Purchase Agreement, and the issuance of all shares of Common Stock upon conversion of such additional 5,000 shares of Series B Preferred Stock, an aggregate of 968,183 shares of Common Stock could be issued, assuming conversion at the initial conversion price of $8.2629 per share (equivalent to $0.9181 per share prior to the Reverse Split), or 4,841,443 shares if the Floor Price of $1.6524 per share (equivalent to $0.1836 per share prior to the Reverse Split) applies.

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Moreover, if as of the maturity date of the Series B Preferred Stock our Common Stock is not listed for trading on a stock exchange or any event of default (as defined in the Certificates of Designations) has occurred and is continuing on the maturity date of the Series B Preferred Stock, and in certain other limited circumstances, then payment under the Series B Preferred Stock must be made in cash.

Whether or not the Company has sufficient funds to pay required amounts under the Series B Preferred Stock, a required repayment in cash could have a material adverse effect on the Company, including its financial condition, results of operations, liquidity, prospects, and cash flows.