Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 22

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 22
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 2023 was offset with the AHFS liability and cash received.

In December 2023, the Company started negotiations to exit a lease for office space. The negotiations completed in March 2024 with the Company agreeing a settlement figure with the lessor of $ 657,000to be paid over 8months commencing April 2024. See Note 9, "Leases" for further discussion. The accrual is recorded under accrued liabilities on the condensed consolidated balance sheet as of June 30, 2024.

In April 2023, the Company received correspondence from the State of Texas assessing a sale and use tax liability of $ 575,602. The sales and use tax audit is currently ongoing. The accrual is recorded under accrued liabilities on the condensed consolidated balance sheet as of June 30, 2024.

<div align='center'>16</div>

#### NAUTICUS ROBOTICS, INC.

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

#### 8. Notes Payable
Notes payable consisted of the following:

|                                               |     |              |    June 30, 
        2024 |     |   | December 31, 
         2023 |
|:----------------------------------------------|:----|:-------------|------------:|:----|:--|-------------:|
|                                               |     | -As Restated |             |     |   |              |
| Convertible secured debentures                |     | $            |           - |     | $ |   36,530,320 |
| New convertible debentures (fair value)       |     |              |  83,797,224 |     |   |            - |
| Convertible senior secured term loan          |     |              |  27,249,922 |     |   |   12,295,000 |
| Total                                         |     |              | 111,047,146 |     |   |   48,825,320 |
| Less: debt discount, net                      |     |              |     -86,646 |     |   |  -16,593,357 |
| Less: capitalized debt issuance costs         |     |              |  -1,559,759 |     |   |     -661,922 |
| Senior bridge note exit fee provision         |     |              |      76,083 |     |   |