Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 29

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 29
---
 rate of 4.23%, implied volatility of 121% and a remaining term of 2.61years. A loss on extinguishment of debt of $ 78,734,949was reported in the condensed consolidated statements of operations for the nine months ended September 30, 2024. The fair value of the New Convertible Debentures at September 30, 2024 was estimated at $ 53,222,499using Monte Carlo simulations with the following assumptions: stock price of $ 1.41, a risk free rate of 4.11%, implied volatility of 123% and a remaining term of 1.94years. A gain on change in fair value of $ 24,199,071and $ 36,113,800was reported in the condensed consolidated statements of operations for the three and nine months ended September 30, 2024, respectively.

Conversion of Senior Secured Convertible Debentures

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 (post Reverse Stock Split). The fair value of the new convertible debentures converted during the third quarter of 2024 was estimated at $ 6,279,627using Monte Carlo simulations with the following assumptions: stock price between $ 1.39and $ 4.64, a risk free rate of between 4.08% and 4.74%, implied volatility of between 123% and 134% and a remaining term of between 1.94and 2.14years.

During the second quarter of 2024, ATW I converted secured debentures with a principal value of $ 2,194,231and interest of $ 43,167into 628,942shares (post Reverse Stock Split). The fair value of the new convertible debentures converted during the second quarter of 2024 was estimated at $ 3,485,645using Monte Carlo simulations with the following assumptions: stock price between $ 4.97and $ 8.31, a risk free rate of between 4.63% and 4.81%, implied volatility of between 123% and 133% and a remaining term of between 2.19years and 2.26years.

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#### NAUTICUS ROBOTICS, INC.