Company: KITTW
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001849820-25-000123
Chunk: 146

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-30
Form: ARS
Chunk 146
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 value of the Series A Preferred Stock is measured on the exchange dates of December 27, 2024 and December 31, 2024 in accordance with ASC 820-10, Fair Value Measurement, using a Monte Carlo simulation model. This model incorporates Level 3 inputs, including, current stock price, stock price volatility (historical and implied), risk free interest rate (U.S. Treasury rates), and expected term to maturity. The fair value measurement is classified as Level 3 in the fair value hierarchy due to the use of unobservable inputs. The following post Reverse Stock Split assumptions were used in order to estimate the fair value of the Series A Preferred Stock at December 27, 2024 and December 31, 2024: stock price of $2.16 and $1.55, risk free rate of 4.24% and 4.19%, implied volatility of 145% and 148%, and remaining term of 1.34 years and 1.33 years, respectively. In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring and non-recurring basis and the related activity for periods presented: Fair Value as of December 31, 2024 Fair Value as of December 31, 2023 Carrying Value Level 1 Level 2 Level 3 Carrying Value Level 1 Level 2 Level 3 Financial liabilities: November 2024 Debentures $ 2,583,832 $ - $ - $ 2,583,832 $ - $ - $ - $ - Public Warrants 9,080 9,080 - - 451,088 451,088 - - Private Warrants 7,884 - - 7,884 380,531 - - 380,531 SPA Warrants 164,949 - - 164,949 17,544,561 - - 17,544,561 Total warrant liability $ 181,913 $ 9,080 $ - $ 172,833 $ 18,376,180 $ 451,088 $ - $ 17,925,092 Non-recurring fair value instruments: Series A Preferred Stock $ 110,300,391 $ - $ - $ 110,300,391 $ - $ - $ - $ - Table of Contents NAUTICUS ROBOTICS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS