Company: KITTW
Filing Date: 2025-01-14
Form Type: 424B3
Source: 0001849820-25-000021
Chunk: 4

Company: Nauticus Robotics, Inc.
Filing Date: 2025-01-14
Form: 424B3
Chunk 4
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 net proceeds of approximately $6.4 million, our pro forma net tangible book value on September 30, 2024, would have been approximately $17,011,509, or $1.24 per share.

After giving further effect to the sale of 1,214,150 shares of common stock in this offering at an assumed public offering price of $5.11 per share, the average of the bid and asked prices our common stock on the Nasdaq Capital Market on January 6, 2025, and after deducting commissions and estimated aggregate offering expenses payable by us, our as adjusted pro forma net tangible book value as of September 30, 2024 would have been approximately $23,029,687, or approximately $1.54 per share. This represents an immediate increase in net tangible book value of approximately $0.30 per share to our existing stockholders and an immediate dilution in as adjusted pro forma net tangible book value of approximately $3.57 per share to investors participating in this offering, as illustrated by the following table:

| Assumed public offering price per share of our common stock                                                                                                                                                                 
 Net tangible book value per share of our common stock as of September 30, 2024                                                                                                                                              
 Pro forma net tangible book value per share after giving effect to the conversion of convertible debentures, preferred stock, senior secured term loan and issuances pursuant to prospectus supplement date January 7, 2025 |     |   $5.11 
 $(6.48) 
   $1.24 |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|--------:|
| Increase in net tangible book value per share of our common stock attributable to investors participating in this offering                                                                                                  |     |   $0.30 |
| As adjusted pro forma net tangible book value per share of our common stock as of September 30, 2024 after giving effect to this offering                                                                                   |     |   $1.54 |
| Dilution in as adjusted pro forma net tangible book value per share of our common stock to investors in this offering                                                                                                       |     |   $3.57 |

The table above assumes for illustrative purposes that an aggregate of 1,214,150 shares of our common stock are sold at a price of $5.11 per share, the average of the bid and asked prices of our Common Stock on the Nasdaq Capital Market on January 6, 2025, for aggregate gross proceeds of approximately $6.2 million. The