Company: KITTW
Filing Date: 2025-12-04
Form Type: 8-K
Source: 0001849820-25-000296
Chunk: 0

Company: Nauticus Robotics, Inc.
Filing Date: 2025-12-04
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

Amendment and Exchange Agreements

On December 3, 2025, Nauticus Robotics, Inc., a Delaware corporation (the “ Company”), and certain institutional investors each entered into an Amendment and Exchange Agreement (collectively, the “ Exchange Agreements"), by and among the Company and a certain institutional investor, pursuant to which such investor may exchange (collectively, the "Exchanges"), in one or more exchanges, portions of certain secured convertible term loans of the Company (the “ Existing Convertible Securities”) and certain original issue discount senior secured convertible debentures due 2026 of the Company (the “ Existing Debentures”, and together with the Existing Convertible Securities, the “ Existing Securities”), into 3,814 of Series C preferred convertible stock (the “ Series C Preferred Stock”), as set forth and subject to the terms and conditions in the Exchange Agreements, in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended (the “ Securities Act”). In addition, by written notice from holders of the Existing Securities to the Company and subject to other terms and conditions set forth in the Exchange Agreements, the Company shall exchange additional portion of the amounts outstanding under the Existing Securities as set forth in such notice into shares of Series C Preferred Stock, through one or more additional Exchanges, in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act.

The Exchange Agreements further amended the Securities Purchase Agreement dated as of August 6, 2025, as amended (the “ Securities Purchase Agreement”), and contained certain covenants of the Company to, among other items, hold one or more stockholder meetings no later than March 3, 2026 seeking stockholders’ approval in respect of (w) one or more reverse stock splits over the next 12 months up to an aggregate ratio of 250 shares-to-1 share, (x) approval of the increase of the authorized shares of the Company from 625,000,000 to 1,500,000,000, (y) the issuance of all of the Securities (as defined in the Securities Purchase Agreement) in compliance with the rules and regulations of the Nasdaq Capital Market (“ Nasdaq”), and (z) and the issuance pursuant to the Exchange Agreements of all Series C Preferred Stock and the shares of the Company’s common stock issuable underlying the Series