Company: KITTW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001849820-25-000211
Chunk: 30

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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451,162 Conversion of convertible secured debentures--628,94263 3,485,582 - - 3,485,645 At the Market (ATM) share offering--1,406,424141 9,357,813 - - 9,357,954 Net loss---- - - (68,297,961)(68,297,961)Balance at June 30, 2024 -$- 4,131,426$413 $95,639,166 $- $(187,089,664)$(91,450,085)Balance at December 31, 202435,034$4 9,761,895$976 $233,342,188 $(42,229)$(253,698,352)$(20,397,413)Stock-based compensation---- 570,015 - - 570,015 Conversion of notes payable to Common Stock--1,805,392181 2,870,392 - - 2,870,573 Conversion of Series A Preferred Stock to Common Stock(16,738)(2)18,163,3611,815 (1,815)- - (2)At the Market (ATM) share offering--7,488,822749 19,437,372 - - 19,438,121 Earnout shares (contingent)---- 6,864,729 - - 6,864,729 Vesting of RSUs--165,95817 (17)- - - Other--19,5201 (1)- - - Net loss---- - - (15,021,363)(15,021,363)Balance at June 30, 202518,296$2 37,404,948$3,739 $263,082,863 $(42,229)$(268,719,715)$(5,675,340)

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

5

NAUTICUS ROBOTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Six months ended June 30,20252024Cash flows from operating activities:Net loss$(15,021,363)$(68,297,961)Adjustments to reconcile net loss to