Company: KITTW
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001849820-25-000120
Chunk: 32

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 32
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ENDS THAT YOU VOTE “FOR” ITEM NO. 3 TO APPROVE THE AMENDMENT TO THE NAUTICUS ROBOTICS, INC. 2022 OMNIBUS INCENTIVE PLAN.

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ITEM 4: APPROVAL OF A PROPOSAL AUTHORIZING THE BOARD OF DIRECTORS OF THE COMPANY TO ENACT A REVERSE SPLIT OF ITS SHARES AT A RATIO BETWEEN ONE TO TWO AND ONE TO NINE IN THE BOARD’S DISCRETION

Item 4 is to authorize the Company’s Board of Directors, in its sole and absolute discretion and without further stockholder approval, to effect a reverse stock split (“Reverse Stock Split”) of our outstanding shares of common stock at any time before the next Annual General Meeting at a ratio to be determined by the Company’s Board of Directors ranging from a ratio of one to two to a ratio of one to nine by amending the Amended and Restated Certificate of Incorporation of the Company at such time and date, if at all, as determined by the Board of Directors in its sole discretion, provided that all fractional shares as a result of the reverse stock split shall be automatically rounded up to the nearest whole share.

The Board of Directors believes that a proposed reverse stock split authorization is desirable to avoid future delisting by NASDAQ or delisting warnings from NASDAQ, and to ensure that shares will be available, if needed, for issuance of grants of equity awards, possible acquisitions of companies, products, or technologies, potential business and financial transactions, and other corporate purposes. Our Board of Directors has approved and has recommended that our stockholders approve this Item 4. If the stockholders approve this proposal, a reverse stock split will be effected only upon a determination by the Board of Directors that such reverse stock split is in the best interests of the stockholders at that time. In connection with any determination to effect a reverse stock split, the Board of Directors will set the timing for such a split and select the specific ratio from within the range of ratios set forth herein.

The determination as to whether the reverse stock split will be effected and, if so, pursuant to which ratio, will be based upon those market or business factors deemed relevant by the Board of Directors at that time, including, but not limited to:

• our ability to continue our listing on the NASDAQ;

• existing and expected marketability and liquidity of the common stock;

• the historical and then-prevailing trading price and trading volume of the common stock