Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 31

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 31
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 the outstanding principal amount of the Loans to be converted divided by a conversion price of $ 0.4582per share of Common Stock, on a pre Reverse Stock Split basis, subject to certain adjustments as described in the 2024 Term Loan Agreement.

Amendment to 2024 Term Loan Agreement

On May 1, 2024, the Company entered into an amendment (the "May 2024 Amendment") to the 2024 Term Loan Agreement dated January 30, 2024 between the Company, ATW Management as collateral agent, and the lenders party thereto. Pursuant to the Amendment, ATW III, one of the lenders under the 2024 Term Loan Agreement, will loan an additional $ 1,000,000(the "May 2024 Incremental Loan") to the Company. The May 2024 Incremental Loan will have the same terms as the ATW Extended Maturity Term Loan under the 2024 Term Loan Agreement and will mature on the 30th anniversary of the date of the 2024 Term Loan Agreement or such earlier date as is required or permitted to be repaid under

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#### NAUTICUS ROBOTICS, INC.

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
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the 2024 Term Loan Agreement. The May 2024 Incremental Loan incurred debt issuance costs of $ 37,500which are being amortized to interest expense over the period of the loan.

Interest expense includes the following relating to the 2023 Term Loan, the December 2023 Incremental Loan, the January 2024 Incremental Loan, 2024 Loans and the May 2024 Incremental Loan (collectively the "convertible senior term loans"):

|                                     |     | Three months ended 
 June 30,           
 2024               |         |     | 2023 |   |     | Six months ended June 30, 
 2024                      |         |     | 2023 |   |
|:------------------------------------|:----|:-------------------|--------:|:----|:-----|:--|:----|:--------------------------|--------:|:----|:-----|:--|
| Debt discount amortization          |     | $                  |   9,944 |     | $    | - |     | $                         |  19,868 |