Company: KITTW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001849820-25-000242
Chunk: 20

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 20
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, prospects, and cash flows. In addition, while the Company expects to obtain substantial economic and other benefits in connection with the issuance of the Series B Preferred Stock, if the Company defaults on any terms or obligations relating to the Series B Preferred Stock, the Company’s financial condition, results of operations, liquidity, prospects, and cash flows would be materiality and adversely impacted.

#### Interests of Directors, Officers, and Affiliates
None of our current directors, officers or affiliates has an interest in the Series B Preferred Stock to be issued under the Purchase Agreement, except for the Investor and its affiliates, which are existing stockholders.

#### Consequences of Non-Approval
If we do not receive the approval contemplated in this Proposal 1, we will not be able to satisfy all of our obligations under the Purchase Agreement. Furthermore, the Investor will not be able to vote or convert their shares of Series B Preferred Stock at a conversion price below the current conversion price thereof. Under the Purchase Agreement, the consent of the Investor is required in order for the Company to be permitted to issue certain securities in capital raising transactions. If this proposal is not approved, the Investor may withhold such consent, preventing the Company from conducting such an offering. The Company may be unable to obtain alternative financing, which could prevent the Company from having sufficient resources to fund its operations. Additionally, if stockholders do not approve this proposal at the Special Meeting, the Company must also include a proposal to approve this proposal at a subsequent meeting of stockholders to be held on or before January 2, 2026. In the event that stockholder approval is not obtained at such subsequent meeting, the Company must cause additional meetings of stockholders to be held every sixty (60) calendar days thereafter until such approval is obtained. The Company would bear the costs associated with including this proposal for stockholder approval at subsequent stockholder meetings.

Accordingly, our Board believes that providing the Company the flexibility to fully issue shares of Common Stock that are issuable pursuant to the Purchase Agreement (without regard to any limitations thereon set forth in the Purchase Agreement) is in the best interest of the Company.

#### Effect on Current Stockholders
The issuance of shares of Common Stock as contemplated by this Proposal 1 would result in an increase in the number of shares of Common Stock outstanding, and our stockholders will incur dilution of their percentage ownership.

If this proposal is approved, existing stockholders will suffer dilution in ownership interests and voting rights as a result of the issuance of shares of Common Stock