Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 54

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 54
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 Level 3:

|                                                                     |     | New Convertible Debentures |             |     | Warrant   
 Liability |             |
|:--------------------------------------------------------------------|:----|:---------------------------|------------:|:----|:----------|------------:|
| Balance December 31, 2023                                           |     | $                          |           - |     | $         |  18,376,180 |
| Fair value on issuance of new convertible debentures                |     |                            |  99,195,791 |     |           |           - |
| Fair value conversion of new convertible debentures to common stock |     |                            |  -9,765,272 |     |           |           - |
| Exercise of warrants                                                |     |                            |           - |     |           |  -4,635,257 |
| Change in fair value of new convertible debentures                  |     |                            | -36,113,800 |     |           |           - |
| Change in fair value of warrant liabilities                         |     |                            |           - |     |           | -13,347,829 |
| Other                                                               |     |                            |     -94,220 |     |           |           - |
| Balance September 30, 2024                                          |     | $                          |  53,222,499 |     | $         |     393,094 |

#### 19. Subsequent Events
Second Amendment and Exchange Agreement

On November 4, 2024, the Company entered into the Second Amendment and Exchange Agreement (the “Exchange Agreement”) by and among the Company and ATW I, SLS and MIF pursuant to which such investors would exchange the remaining portion of the amount outstanding under the new Original Issue Discount Exchanged Senior Secured Convertible Debenture and certain other amounts outstanding with respect thereto, into shares of Series A preferred convertible stock. On December 26, 2024, the Company filed with the Secretary of State of Delaware the Certificate of Designation of Series A Convertible Preferred Stock of the Company and designated 40,000shares of Series A Preferred Stock.

Under the terms of the Series A Certificate of Designation, each share of Series A Preferred Stock has a stated value of $ 1,000per share and a par value of $ 0.0001, and when issued, the Series A Preferred Stock will be fully paid and non-assessable. The holders of Series A Preferred Stock will be entitled to a