Company: KITTW
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001849820-25-000242
Chunk: 18

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 18
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 the conversion of all Series B Preferred Stock then outstanding.

This description of the Preferred Stock does not purport to be complete and is qualified in its entirety by reference to the complete text of the form of the Certificate of Designations, attached as Appendix A to this proxy statement.

#### Reasons for Seeking Stockholder Approval
Our Common Stock is currently listed on the Nasdaq Capital Market and, as such, we are subject to the Nasdaq Listing Rules. The Company is restricted from issuing all shares of Common Stock that are otherwise issuable

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pursuant to the Certificate of Designations and the Purchase Agreement (without regard to any limitations set forth therein) by Nasdaq Listing Rule 5635.

In connection with the execution of the Purchase Agreement we agreed to hold a meeting of stockholders to, among other things, obtain the consent of the stockholders of the Company pursuant to Nasdaq Listing Rule 5635 for the issuance of all shares of our Common Stock that are issuable pursuant to the Certificate of Designations and the Purchase Agreement (without regard to any limitations set forth therein).

Stockholder approval of this Proposal 1 will constitute stockholder approval for purposes of Nasdaq Listing Rule 5635.

Our Board has determined that the Purchase Agreement, and the Common Stock that may be issued thereby, are in the best interests of the Company and its stockholders given the potential additional capital that may be obtained by the Company in the future from sales and issuances of up to 5,000 additional shares of Series B Preferred Stock under the terms of the Purchase Agreement.

We cannot predict if the holders of the Series B Preferred Stock will convert their holdings into Common Stock. Assuming that all shares of Series B Preferred Stock are issued and all instruments are converted into Common Stock, 435,682 shares of Common Stock could be issued assuming a conversion price of $8.2629 per share (equivalent to $0.9181 per share prior to the Reverse Split). Assuming the issuance of all 5,000 additional shares of Series B Preferred Stock to the Investor under the Purchase Agreement, and the issuance of all shares of Common Stock upon conversion of such additional 5,000 shares of Series B Preferred Stock, 968,183 shares of Common Stock could be issued, assuming conversion at the initial conversion price of $8.2629 per share (equivalent to $0.9181 per share prior to the Reverse Split). The maximum number of shares of Common Stock issuable upon conversion of an aggregate of