Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 40

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 968,240 Conversion of notes payable to Common Stock----200,60020 2,870,553 - - 2,870,573 Conversion of Series A Preferred Stock to Common Stock(21,338)(3)--3,100,383310 (307)- - - Issuance of Series B Preferred Stock--3,000--- 2,855,000 - - 2,855,000 At the Market ("ATM") share offering----1,938,353195 24,377,001 - - 24,377,196 Earnout shares (contingent)------ 6,864,729 - - 6,864,729 Vesting of RSUs----36,9954 (4)- - - Reverse stock split round up and Adj----64,1446 (6)- - - Other----2,167- - - - - Deemed dividend - Series A down-round adjustment------ 3,427,706- (3,427,706)- Net loss------ - - (21,661,311)(21,661,311)Balance at September 30, 202513,696$1 3,000$- 6,427,297$643 $274,705,968 $(42,229)$(278,787,369)$(4,122,986)

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

6

NAUTICUS ROBOTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Nine months ended September 30,20252024Cash flows from operating activities:Net loss$(21,661,311)$(50,366,134)Adjustments to reconcile net loss to net cash used in operating activities:  Depreciation1,645,759 1,283,858 Accretion of debt discount30,076 401,610 Amortization of debt issuance cost530,645 486,758 Capitalized paid-in-kind (PIK) interest514,756 833,119 Accretion of RCB Equities #1, LLC exit fee73,418 73,058 Stock-based compensation968,240 1,872,504 Change in fair value of warrant liabilities(145