Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 63

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 63
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 future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. We intend to continue to monitor and upgrade our internal controls as necessary or appropriate for our business but cannot assure you that such improvements will be sufficient to provide us with effective internal control over financial reporting.

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# PART II - OTHER INFORMATION

## ITEM 1. LEGAL PROCEEDINGS
Although we may, from time to time, be subject to litigation and other claims in the normal course of business, we are currently not a party to any material legal proceeding. No amounts have been accrued in the condensed consolidated financial statements with respect to any such matters.

## ITEM 1A. RISK FACTORS
During the three months ended June 30, 2024, there have been no material changes in the “Risk Factors” as set forth in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and in the Company's prospectus supplement dated May 20, 2024 filed by the Company with the SEC. The risks described therein are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

## ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In the second quarter of 2024, the Company issued 22,641,909 shares on a pre Reverse Stock Split basis, (628,942 shares post Reverse Stock Split) to ATW Special Situations I LLC, upon its conversion of its secured debentures with a principal value of $2,194,231 and interest of $43,167.

In the second quarter of 2024, the Company issued 16,461,186 shares on a pre Reverse Stock Split basis (457,255 share post Reverse Stock Split) to ATW Special Situations I LLC, upon its exercise of 16,461,186 SPA Warrants in exchange for the Common Stock.

## ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.

## ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.

## ITEM 5. OTHER INFORMATION

#### Trading Plans
During the three months ended June 30,