Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000097
Chunk: 46

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 46
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,577 |     |                                    | 17,544,561 |     |         |       - |     |         | - |     |         | 17,544,561 |
| Total warrant liability    |     | $                               |  8,726,903 |     | $       | 251,850 |     | $       | - |     | $       |  8,475,053 |     | $                                  | 18,376,180 |     | $       | 451,088 |     | $       | - |     | $       | 17,925,092 |

The following table sets forth a summary of the changes in fair value of the Company’s financial liabilities categorized within Level 3:

|                                                      |     | New Convertible Debentures |            |     | Warrant   
 liability |            |
|:-----------------------------------------------------|:----|:---------------------------|-----------:|:----|:----------|-----------:|
| Balance December 31, 2023                            |     | $                          |          - |     | $         | 18,376,180 |
| Fair value on issuance of new convertible debentures |     |                            | 99,195,791 |     |           |          - |
| Exercise of warrants                                 |     |                            |          - |     |           | -1,339,654 |
| Change in fair value of new convertible debentures   |     |                            | -4,504,426 |     |           |          - |
| Change in fair value of warrant liabilities          |     |                            |          - |     |           | -8,309,623 |
| Balance March 31, 2024                               |     | $                          | 94,691,365 |     | $         |  8,726,903 |

#### 19. Subsequent Events
Second Amendment and Exchange Agreement

On November 4, 2024, the Company entered into the Second Amendment and Exchange Agreement (the “Exchange Agreement”) by and among the Company and ATW I, SLS and MIF pursuant to which such investors would exchange the remaining portion of the amount outstanding under the new Original Issue Discount Exchanged Senior Secured Convertible Debenture and certain other amounts outstanding with respect thereto, into shares of Series A preferred convertible stock. On December 26, 2024, the Company filed with the Secretary of State of Delaware the Certificate of Designation of Series A Convertible