Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000097
Chunk: 37

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 37
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 exemption from registration under the Securities Act. The Public Warrants expire on September 9, 2027, or earlier upon redemption or liquidation. Our Public Warrants are listed on Nasdaq under the symbol “KITTW”.

We may redeem the outstanding Public Warrants, in whole and not in part, at a price of $ 0.01per warrant:

• at any time after the Public Warrants become exercisable,

• upon not less than 30days’ prior written notice of redemption to each warrant holder,

• if, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $ 16.50per share (subject to adjustment for splits, dividends, recapitalizations and other similar events), for any 20trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, and

• if, and only if, there is a current registration statement in effect with respect to the shares of Common Stock underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.

If we call the Public Warrants for redemption as described above, we have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.”

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#### NAUTICUS ROBOTICS, INC.

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

The exercise price and number of shares of Common Stock issuable on exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or our recapitalization, reorganization, merger or consolidation.

The Public Warrants, which are accounted for as liabilities in our condensed consolidated balance sheets, were valued as of March 31, 2024 and December 31, 2023 at $ 251,850and $ 451,088, respectively, based on their publicly-traded price. The gain in value of the Public Warrants during the three months ended March 31, 2024 and 2023, was $ 199,238and $ 319,247, respectively, and was reported within other (income) expense in our condensed consolidated statements of operations.

Private Warrants – We assumed 7,175,000Private Warrants, which are not publicly traded, on