Company: KITTW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001849820-25-000128
Chunk: 14

Company: Nauticus Robotics, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 1A
Chunk 14
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ITEM 1A. RISK FACTORS

During the three months ended March 31, 2025, there have been no material changes in the “Risk Factors” as set forth in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed by the Company with the SEC. The risks described therein are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

In the first quarter of 2025, the Company issued 13,584,651 and 2,433,560 shares of common stock, respectively, to ATW I and SLS, upon their respective conversions of 1,319 and 200 shares of Series A Preference Stock.

The Company also issued 1,805,392 shares of Common Stock to ATW I and ATW II upon their converted of the 2024 Term Loan notes with a principal amount of $2,551,855 and interest payable of $318,718.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

Trading Plans

During the three months ended March 31, 2025, no director or Section 16 officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

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ITEM 6. EXHIBITS

Incorporated by ReferenceExhibit DescriptionSchedule/ FormFile NumberExhibitsFiling Date3.1Second Amended and Restated Certificate of Incorporation of Nauticus Robotics, Inc.Form 8-K001-406113.5September 15, 20223.2Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of Nauticus Robotics, Inc.Form 8-K001-406113.1July 18, 20243.3Certificate of Designations of Rights and Preferences of Series A Convertible Preferred Stock of Nauticus Robotics, Inc.Form 8-K