Company: KITTW
Filing Date: 2025-09-15
Form Type: PRE 14A
Source: 0001849820-25-000237
Chunk: 12

Company: Nauticus Robotics, Inc.
Filing Date: 2025-09-15
Form: PRE 14A
Chunk 12
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 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, or 1,815,541 shares if the Floor Price of $1.6524 per share (equivalent to $0.1836 per share prior to the Reverse Split) applies. Assuming the issuance of all 5,000

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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, an aggregate of 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), or 4,841,443 shares if the Floor Price of $1.6524 per share (equivalent to $0.1836 per share prior to the Reverse Split) applies. Because the conversion price of the Series B Preferred Stock may be adjusted, the number of shares that will actually be issued may be more or less than such number of shares. In addition, under the terms of the Series B Preferred Stock, a holder may not convert the Preferred Stock if such holder or any of its affiliates would beneficially own (to the extent that after giving effect to such conversion) a number of shares of Common Stock which would exceed 9.99% of the shares of Common Stock outstanding immediately after giving effect to such conversion.

#### Securities Purchase Agreement
On August 6, 2025, the Company agreed to issue and sell 3,000 shares of Series B Preferred Stock under the Purchase Agreement in a private offering to the Investor at a price per share of $980 for an aggregate purchase price of $2,940,000. On August 8, 2025, the Company and the Investor closed on the initial closing transactions contemplated by the Purchase Agreement, and the Company issued 3,000 shares of Series B Preferred Stock to the Investor.

In addition, by written notice from Investor to the Company and subject to other terms and conditions set forth in the Purchase Agreement, the Company shall issue and sell to Investor, at one or more additional closings, up to 5,000 additional shares of Series B Preferred Stock for an aggregate maximum purchase price of $4,900,000.