Company: KITTW
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001849820-25-000191
Chunk: 0

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

Securities Purchase Agreement

On August 6, 2025, Nauticus Robotics, Inc., a Delaware corporation (the “ Company”), entered into a Securities Purchase Agreement (the “ Purchase Agreement”), by and among the Company and a certain institutional investor (“ Investor”), pursuant to which the Company agrees to issue and sell in a private offering to Investor shares of Series B Convertible Preferred Stock of the Company, $0.0001 par value (the “ Series B Preferred Stock”), at a price per share of $980 (the “ Preferred Offering”) for an aggregate purchase price of $2,940,000. The Preferred Offering also relates to the offering of the shares of the Company’s common stock (the “ Common Stock”) issuable upon the conversion of or otherwise pursuant to the terms of the Series B Preferred Stock). The Preferred Offering is expected to close on August 7, 2025.

In addition, by written notice from Investor to the Company and subject to other terms and conditions set forth in the Purchase Agreement, the Company shall issue and sell to Investor, at one or more additional closings, up to 5,000 additional shares of Series B Preferred Stock for an aggregate maximum purchase price of $4,900,000.

Series B Preferred Stock

On the initial closing date of the Preferred Offering, the Company will designate 50,000 shares of the Company’s authorized and unissued preferred stock as Series B Preferred Stock (“ Preferred Shares”) and establish the rights, preferences and privileges of the Series B Preferred Stock pursuant to the Certificate of Designations of Rights and Preferences of the Series B Preferred Stock (the “ Certificate of Designations”), to be filed with the Secretary of State of the State of Delaware, as summarized below:

General. Each share of Series B Preferred Stock has a stated value of $1,000 per share and, when issued, the Series B Preferred Stock will be fully paid and non-assessable.

Ranking. The Series B Preferred Stock, with respect to the payment of dividends, distributions and payments upon the liquidation, dissolution and winding up of the Company, ranks senior to all capital stock of the Company, unless the Required Holders (as defined in the Purchase Agreement) consent to the creation of other capital stock of the Company that is senior or on parity in rank (which, for the avoidance of doubt, such parity stock shall include the Series A Convertible Preferred Stock, $0.0001 par value, of the