Company: KITTW
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001849820-25-000257
Chunk: 4

Company: Nauticus Robotics, Inc.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 1.01
Chunk 4
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 and any amendment reducing the Conversion Price shall only be effective with respect to the Loan made by any Lender with the written consent of such Lender. The Conversion Price has been adjusted as provided in the Term Loan Agreement to account for the reverse stock splits effective July 18, 2024 and September 5, 2025, respectively, and the Conversion Price was $1,944.00 prior to the amendment disclosed in this Current Report on Form 8-K.

On October 25, 2025, the Company entered into an Amendment Agreement to the Term Loan Agreement (the “ Amendment”) with each Lender, pursuant to which the conversion price was reduced to $1.76 for the period ending on November 7, 2025.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text thereof, which is filed as Exhibit 10.3 hereto and is incorporated into this report by reference.

The information contained in Items 7.01 and 8.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 1.01.

Item 3.02 Unregistered Sales of Equity Securities.