Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 38

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 38
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 if, within a 5-year period from September 9, 2022, the volume-weighted average price of our Common Stock equals or exceeds $ 20.00per share over any 20trading days within a 30-day trading period.

As of June 30, 2024, the Earnout targets have not been achieved, and the Earnout Shares remain in escrow.

#### 13. Warrants
Public Warrants – We assumed 8,624,991Public Warrants on September 9, 2022 which remained outstanding as of June 30, 2024. For every 36Public Warrants, the holder is entitled to purchase oneshare of Common Stock at a price of $ 11.50, subject to adjustment. However, no Public Warrants will be exercisable for cash unless we have an effective and current registration statement covering the shares of Common Stock issuable upon exercise of the Public Warrants and a current prospectus relating to such shares of Common Stoc k. Notwithstanding the foregoing, if a registration statement covering the shares of Common Stock issuable upon exercise of the Public Warrants is not effective within 120days of September 9, 2022, warrant holders may, until such time as there is an effective registration statement and during any period when we shall have failed to maintain an effective registration statement, exercise, subject to the terms of the governing warrant agreement, Public Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. The Public Warrants expire on September 9, 2027, or earlier upon redemption or liquidation. Our Public Warrants are listed on Nasdaq under the symbol “KITTW”.

We may redeem the outstanding Public Warrants, in whole and not in part, at a price of $ 0.01per warrant:

• at any time after the Public Warrants become exercisable,

• upon not less than 30days’ prior written notice of redemption to each warrant holder,

• if, and only if, the reported last sale price of the shares of Common Stock equals or exceeds $ 16.50per share (subject to adjustment for splits, dividends, recapitalizations and other similar events), for any 20trading days within a 30-day trading period ending on the third business day prior to the notice of redemption to warrant holders, and

• if, and only if, there is a current registration statement in effect with respect to the shares of Common Stock underlying such