Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001849820-25-000108
Chunk: 106

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 106
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,055 - - 338,055 Net loss-- -- - - (50,686,601)(50,686,601)Balance at December 31, 2023-$- 1,389,884$139 $77,004,714$- $(118,791,703)$(41,786,850)Foreign currency translation adjustment-- -- - (42,229)- (42,229)Stock-based compensation-- -- 2,303,054 - - 2,303,054 Reverse stock split round up-- 133,97513 (13)- - - Vesting of RSUs-- 108,66211 (11)- - - Restricted stock forfeited for taxes-- (3,688)- - - - - Exercise of warrants-- 653,81865 4,635,192 - - 4,635,257 Conversion of convertible secured debentures to Common Stock-- 5,517,889552 29,741,307 - - 29,741,859 Exchange of convertible secured debentures to Series A Preferred Stock35,4344 -- 110,300,187 - - 110,300,191 Conversion of Series A Preferred Stock to Common Stock(400)- 554,93155 (55)- - - At the Market (ATM) share offering-- 1,406,424141 9,357,813 - - 9,357,954 Net loss-- -- - - (134,906,649)(134,906,649)Balance at December 31, 202435,034$4 9,761,895 $976 $233,342,188 $(42,229)$(253,698,352)$(20,397,413)

See accompanying notes to the consolidated financial statements.

F-7

NAUTICUS ROBOTICS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the year ended December 31,20242023Cash flows used in operating activities:Net loss$(134,906,649)$(50,686,601)Adjustments to reconcile net loss to net cash used in operating activities:  Depreciation1,736,828 729,412 Accretion