Company: KITTW
Filing Date: 2025-12-08
Form Type: 8-K
Source: 0001849820-25-000301
Chunk: 1

Company: Nauticus Robotics, Inc.
Filing Date: 2025-12-08
Form: 8-K
Item: Item 8.01
Chunk 1
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 October 25, 2025, the Company entered into an Amendment Agreement with each lender party (each, a “ Lender”) to that certain Senior Secured Term Loan Agreement, dated as of September 18, 2023 (as amended, restated, amended and restated, restructured, supplemented, waived and/or otherwise modified from time to time, the “ September 2023 Term Loan Agreement”), by and among the Company, as borrower, the Lenders, and ATW Special Situations Management LLC, as collateral agent, amending the September 2023 Term Loan Agreement, pursuant to which the conversion price under the Term Loan Agreement was reduced to $1.76 for the period ending on November 7, 2025. On October 29, 2025, the Company received notice that one of the Lenders converted $3.7 million of outstanding debt to equity under the Term Loan Agreement. The total gross increase in shareholder equity resulting from the conversion was $3.7 million.

As previously disclosed by the Company in its filings with the SEC, on December 3, 2025, the Company entered into the Amendment and Exchange Agreements (the “ Exchange Agreements”), by and among the Company and certain institutional investors, pursuant to which such investors may exchange (collectively, the "Exchanges"), in one or more exchanges, portions of certain secured convertible term loans of the Company (the “ Existing Convertible Securities”) and certain original issue discount senior secured convertible debentures due 2026 of the Company (the “ Existing Debentures”, and together with the Existing Convertible Securities, the “ Existing Securities”), into 3,814 shares of Series C preferred convertible stock (the “ Series C Preferred Stock”), as set forth and subject to the terms and conditions in the Exchange Agreements, in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended (the “ Securities Act”). On December 3, 2025, the Company and three (3) institutional investors closed the Exchange, and the Company issued 3,814 shares of Series C Preferred Stock to such investors. The total gross increase in shareholder equity resulting from the Exchange was $3.8 million.

On December 5, 2025, the Company received notice that certain lenders converted $1.15 million of outstanding debt to equity under the Company’s original issue secured convertible debentures issued in November 2024 (the “ November 202