Company: KITTW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001849820-25-000211
Chunk: 80

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 $1,941,956 after deducting commissions and offering expenses totaling $121,418Securities Purchase AgreementOn August 6, 2025, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with a related party institutional investor (the “Investor”), pursuant to which the Investor agreed to purchase, in a private placement, shares Series B Convertible Preferred Stock for an aggregate purchase price of $2,940,000, as previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission on August 7, 2025. On August 8, 2025, the Company and the Investor closed the Purchase Agreement transaction, and the Company issued 3,000 shares of Series B Convertible Preferred Stock to the Investor. For additional information regarding this transaction, refer to the Current Reports on Form 8-K filed on August 7, 2025 and August 8, 2025, respectively.

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Table of Contents

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the unaudited condensed consolidated financial statements and the notes thereto included in Part I, Item 1, “Financial Statements” of this Quarterly Report on Form 10-Q.

Overview

Nauticus Robotics, Inc. (the “Company,” “our,” “us” or “we”) is a developer of ocean robots, cloud software and intelligent services that transform operations in offshore energy, environmental monitoring, and defense. Our principal corporate offices are located in Webster, Texas. Our portfolio includes fully autonomous underwater vehicles ("AUVs"), remotely operated vehicles (“ROVs”) electric robotic manipulators, and the Nauticus ToolKITT™ software platform. Our technology solutions position us at the forefront of the global shift toward autonomy.

Our flagship autonomous vehicle, AQUANAUT®,  provides advantages over conventionally tethered ROVs and traditional AUVs. Leveraging advanced thruster configurations, a streamlined hull, and integrated electric manipulation, AQUANAUT® performs complex subsea tasks with efficiency, precision, and minimal surface support. Nauticus ToolKITT™—our intelligent control and autonomy software—extends this capability across platforms, enabling robots to sense, decide, and act autonomously. Nauticus ToolKITT™ has already been deployed on third-party ROVs and is gaining traction as a transformative solution for