Company: KITTW
Filing Date: 2025-02-03
Form Type: S-3
Source: 0001849820-25-000045
Chunk: 54

Company: Nauticus Robotics, Inc.
Filing Date: 2025-02-03
Form: S-3
Chunk 54
---
 cash we generate from future operations, the actual expenses of operating our business, and opportunities that may be or become available to us. As a result, management will retain broad discretion over the allocation of net proceeds.

<div align='center'>S-6</div>

### DIVIDEND POLICY
We have never declared or paid any cash dividend on our capital stock. We currently intend to retain any future earnings and do not expect to pay any dividends in the foreseeable future. Any determination to declare or pay dividends in the future will be at the discretion of our board of directors and will depend on a number of factors, including our financial condition, operating results, capital requirements, general business conditions, and other factors that our board of directors may deem relevant.

<div align='center'>S-7</div>

### DILUTION
If you invest in our common stock, your interest will be diluted immediately to the extent of the difference between the public offering price per share of our common stock and the net tangible book value per share of our common stock after this offering.

The net tangible book value of our common stock as of September 30, 2024 was approximately $(36,505,856), or approximately $(6.48) per share of our common stock. Net tangible book value per share represents the quotient calculated by dividing (i) our total tangible assets less total liabilities by (ii) the total number of shares of our common stock outstanding as of September 30, 2024.

After giving effect to the conversion of convertible debentures (representing principal accrued and unpaid interest of $9,393,949) resulting in the issuance of 3,566,343 shares of common stock, the conversion of debentures to preferred stock of $35,434,000 and the subsequent conversion of such preferred stock to common stock resulting in the issuance of 11,637,049 shares, the conversion of the Senior Secured Term Loan principal and accrued interest balance of $2,870,573, resulting in the issuance of 1,805,392 shares of common stock, and the issuance and sale of 7,488,822 shares of common stock in the offering under the prospectus supplements dated January 7, 13 and 15, 2025 resulting in net proceeds of approximately $19.4 million, our pro forma net tangible book value on September 30, 2024, would have been approximately $30,630,766, or $1.02 per share.

After giving effect to the