Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 40

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 40
---
, we recorded a decrease of $ 14,460and $ 4,865to common stock on our consolidated balance sheet with a corresponding increase in additional paid-in capital as of September 30, 2024 and December 31, 2023, respectively. An adjustment to round fractional shares into whole shares was recorded in the three months ending September 30, 2024 which increased common stock by 133,975shares and $ 13with a corresponding decrease in additional paid-in capital.

Unless otherwise noted, all references in the condensed consolidated financial statements and notes to condensed consolidated financial statements to the number of shares, per share data, restricted stock and stock option data have been retroactively adjusted to give effect to the Reverse Stock Split.

<div align='center'>25</div>

#### NAUTICUS ROBOTICS, INC.

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

Common Stock – A total of 5,634,942shares of Common Stock were outstanding as of September 30, 2024.

During the third quarter of 2024, ATW I converted secured debentures with a principal value of $ 3,425,000and interest of $ 96,528into 1,322,604shares of Common Stock.

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 of Common Stock, on a pre Reverse Stock Split basis, ( 628,942shares post Reverse Stock Split).

During the second quarter of 2024 the Company entered into an At The Market ("ATM") Offering Agreement to offer and sell shares of our Common Stock having an aggregate offering price of up to $ 9,858,269. Under this offering we issued and sold 50,631,263shares, on a pre Reverse Stock Split basis, ( 1,406,424shares post Reverse Stock Split), for gross proceeds of $ 9,857,857and net proceeds of 9,357,954after deducting commissions and offering expenses totaling $ 499,903.

On December 31, 2023, the Company and ATW I, as the purchaser, entered into a Securities Purchase Agreement (the “PIPE SPA”), pursuant to which the purchaser agreed to purchase up to an aggregate of $ 5,000of