Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 42

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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Cash paid for interest$109,015 $135,089 Cash paid for taxes$- $- Non-cash investing and financing activities:  Conversion of 2024 Term Loan notes and interest to Common Stock$2,870,573 $- Earnout shares for acquisition$6,864,729 $- Debt assumed in acquisition$2,437,743 $- Accrued purchase price$3,655,086 $- Deemed dividend from down-round adjustment$3,427,706 $- Operating leases at inception$- $1,095,067 Exercise of warrants$- $4,635,256 Fair value of conversion of convertible secured debentures to common stock$- $9,765,272 Liabilities relieved through sale of asset held for sale$- $1,158,609 Transfer from assets held for sale to property and equipment$- $1,119,864 

The accompanying notes are an integral part of these condensed consolidated financial statements.

8

Table of ContentsNAUTICUS ROBOTICS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

1. Description of the Business

Nauticus Robotics, Inc. (the “Company,” “our,” “us” or “we”) is a developer of ocean robots, cloud software and services delivered to the ocean industry. Our principal corporate offices are located in Webster, Texas. Our portfolio includes fully autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), robotic manipulators, an open robotic operating system, and related consulting and prototype services with a strong alignment to offshore energy and national security interests. Our technology solutions enable autonomous operations for both the commercial and defense sectors.To effectively enter markets dominated by legacy solutions, Nauticus has developed innovative, value-driven technologies. Our flagship autonomous fully electric vehicle, Aquanaut® , provides advantages over conventional tethered ROVs and untethered AUVs. Aquanaut represents the next generation of subsea robotics integrating eight independent thrusters to precisely propel and position a hull design to maximize efficiency and speed high-resolution data collection, and autonomous fully electric manipulation comparable to traditional ROV operations. Nauticus ToolKITT™ is a sophisticated software platform that governs Nauticus’ suite of robotic products. It enables robots to perceive their environment, navigate in three dimensions, make autonomous decisions, and execute