Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 45

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 45
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arrants – The SPA Warrants are held by related parties ATW I, MIF and SLS Family Irrevocable Trust (see Note 13 – Warrants). During the six months ended June 30, 2024, ATW exercised 22,161,186SPA Warrants in exchange for Common Stock.

Convertible Secured Debentures – During the second quarter of 2024, ATW I converted secured debentures with a principal value of $ 2,194,231and interest of $ 43,167into 22,641,909shares on a pre Reverse Stock Split basis ( 628,942shares post Reverse Stock Split).

On January 30, 2024, the Company and certain of its subsidiaries and ATW I entered into an Amendment and Exchange Agreement (the “Amendment and Exchange Agreement”), pursuant to which ATW I transferred its existing 5% Original Issue Discount Senior Secured Convertible Debenture to the Company in exchange for a new Original Issue Discount Exchanged Senior Secured Convertible Debenture due September 9, 2026 (the “New Debenture”) in the aggregate principal amount of $ 29,591,600. In addition, on January 30, 2024, the Company and certain of its subsidiaries entered into additional Amendment and Exchange Agreements with MIF and SLS Family Irrevocable Trust on substantially similar terms, pursuant to which MIF and SLS Family Irrevocable Trust transferred their existing 5% Original Issue Discount Senior Secured Convertible Debentures to the Company in exchange for New Debentures in the aggregate principal amount of $ 5,102,000and $ 1,836,720, respectively. (see Note 8, “Notes Payable”).

For the three and six months ended June 30, 2023 interest expense to ATW, MIF, and SLS Family Irrevocable Trust was $ 374,005, $ 64,484and $ 23,214, and $ 743,900, $ 128,259and $ 46,173, respectively.

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#### NAUTICUS ROBOTICS, INC.

### NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
<div align='center'>(UNAUDITED)</div>

Convertible Senior Secured Term Loans – In the third quarter of 2023, the Company entered into a convertible senior secured term