Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 93

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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 conversion price resulting from the down-round trigger ($8.26 per share post-reverse stock split). All other model inputs, including the fair value of the Company’s common stock, volatility, and risk-free interest rate, were held constant between the two simulations. The incremental fair value resulting from the difference between these two measurements represents the value transferred due to the down-round feature and was recognized in the period’s fair-value remeasurement.

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

In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis and the related activity for the periods presented:Fair Value as of September 30, 2025Fair Value as of December 31, 2024Carrying ValueLevel 1Level 2Level 3Carrying ValueLevel 1Level 2Level 3Financial liabilities:November 2024 Debentures$2,711,954 $- $- $2,711,954 $2,583,832 $- $- $2,583,832 Public Warrants$1,569 $1,569 $- $- $9,080 $9,080 $- $- Private Warrants572 - - 572 7,884 - - 7,884  SPA Warrants34,034 - - 34,034 164,949 - - 164,949 Total warrant liability$36,175 $1,569 $- $34,606 $181,913 $9,080 $- $172,833 Non-recurring fair value instruments:Series A Preferred Stock$- $- $- $- $110,300,391 $- $- $110,300,391 Series A Preferred Stock - Strike price $8.26$28,909,104$- $- $- $- $- $- $- Series A Preferred Stock - Strike price $11.07$25,481,398$- $- $- $- $- $- $- Fair Value as of March