Company: KITTW
Filing Date: 2025-09-15
Form Type: PRE 14A
Source: 0001849820-25-000237
Chunk: 21

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-15
Form: PRE 14A
Chunk 21
---
 Series B Preferred Stock. Assuming the issuance of the maximum number of shares of Series B Preferred Stock (i.e. 8,000 shares) provided under the Purchase Agreement and the issuance of all shares of Common Stock upon conversion of the Series B

<div align='center'>14</div>

Preferred Stock, 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). Because the conversion price of the Series B Preferred Stock may be adjusted, the number of shares that will actually be issued may be more or less than such number of shares. The ownership interest of the existing stockholders (other than the Investor) would be correspondingly reduced. If the Floor Price of $1.6524 per share (equivalent to $0.1836 per share prior to the Reverse Split) applies, the number of shares of Common Stock issuable upon conversion would increase to 4,841,443. The numbers of shares of Common Stock described above does not give effect to (i) the potential future issuance of additional shares of Common Stock due to potential future anti-dilution adjustments on the Series B Preferred Stock, (ii) the potential future issuance of shares of Common Stock pursuant to outstanding Series A preferred stock, options and warrants, or (iii) any other potential future issuances of Common Stock. The sale into the public market of these shares also could materially and adversely affect the market price of the Common Stock.

If this proposal is approved, the issuance of the Common Stock could have an anti-takeover effect because such issuance would make it more difficult for, or discourage an attempt by, a party to obtain control of the Company by tender offer or other means. The issuance of the Common Stock will increase the number of shares entitled to vote, increase the number of votes required to approve a change of control of the Company, and dilute the interest of a party attempting to obtain control of the Company. The Board does not have any current knowledge of any effort by any third party to accumulate the Company’s securities or obtain control of the Company by any means.

In connection with the issuance of the Series B Preferred Stock and following the Reverse Split, the Conversion Price of Series A Convertible Preferred Stock has been adjusted to $8.2629.

Required Vote and Recommendation of Board of Directors

Approval of Proposal 1 requires the affirmative vote of stockholders representing a majority of votes cast at