Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 94

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 94
---
20, 2025Fair Value as of December 31, 2024Carrying ValueLevel 1Level 2Level 3Carrying ValueLevel 1Level 2Level 3SeaTrepid Acquisition:Land$444,435 $- $444,435 $- $- $- $- $- Buildings$970,904 $- $970,904 $- $- $- $- $- Machinery and equipment$4,753,964 $- $- $4,753,964 $- $- $- $- Earnout shares$6,864,729 $- $- $6,864,729 $- $- $- $- The following table sets forth a summary of the changes in fair value of the Company’s financial liabilities categorized within Level 3:November 2024 DebenturesWarrant Liability Balance, December 31, 2024$2,583,832 $172,833 Change in fair value of November 2024 Debentures128,122 - Change in fair value of warrant liabilities- (138,227)Balance, September 30, 2025$2,711,954 $34,606 

38

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

20. Subsequent Events

On October 16, 2025, the Company received a written notice from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with the requirement to maintain a minimum Market Value of Listed Securities (“MVLS”) of $35 million, as set forth in Nasdaq Listing Rule 5550(b)(2) (the “Listing Requirement”). The Nasdaq notification has no immediate effect on the listing or trading of the Company’s common stock, which will continue to trade on The Nasdaq Capital Market under the symbol “KITT.” The Company is evaluating various options to regain compliance with the Listing Requirement, which may include corporate or market-based actions, including establishing compliance under the alternative stockholders’ equity standard set forth in Nasdaq Listing Rule 5550(b)(1). The Company intends to monitor its market value and stockholders’ equity and is preparing a plan to regain compliance.On October