Company: KITTW
Filing Date: 2025-08-08
Form Type: 8-K
Source: 0001849820-25-000194
Chunk: 3

Company: Nauticus Robotics, Inc.
Filing Date: 2025-08-08
Form: 8-K
Item: Item 5.03
Chunk 3
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

As previously disclosed, on August 6, 2025, Nauticus Robotics, Inc., a Delaware corporation (the “ Company”) entered into the Securities Purchase Agreement (the “Purchase Agreement”), by and among the Company and a certain institutional investor (“ Investor”), pursuant to which the Company agrees to issue and sell in a private offering to Investor shares of Series B Convertible Preferred Stock of the Company, $0.0001 par value (the “ Series B Preferred Stock”), at a price per share of $980 (the “ Preferred Offering”), in one or more closings, for an aggregate purchase price of $2,940,000 at the initial closing thereunder. The Preferred Offering also relates to the offering of the shares of the Company’s common stock (the “ Common Stock”) issuable upon the conversion of or otherwise pursuant to the terms of the Series B Preferred Stock).

On August 7, 2025, the Company filed with the Secretary of State of the State of Delaware the Certificate of Designations of Rights and Preferences of the Series B Convertible Preferred Stock of the Company attached hereto as Exhibit 3.1 (the “ Series B Certificate of Designation”) and designated 50,000 shares of Series B Preferred Stock. On August 8, 2025, the Company and Investor closed on the initial closing transactions contemplated by the Purchase Agreement, and the Company issued 3,000 shares of Series B Preferred Stock to such investor.

Under the terms of the Series B Certificate of Designation, each share of Series B Preferred Stock has a stated value of $1,000 per share and, when issued, the Series B Preferred Stock will be fully paid and non-assessable. The holders of Series B Preferred Stock will be entitled to a 10% per annum dividends, on an as-if converted basis, equal to and in the same form as dividends actually paid on shares of common stock of the Company, when and if actually paid. The holders of the Series B Preferred Stock shall have no voting power and no right to vote on any matter at any time, either as a separate series or class or together with any other series or class of share of capital stock, and shall not be entitled to call a meeting of such holders for any purpose nor shall they be entitled to participate in any meeting of the holders of Common Stock, except as provided in the Series B Certificate of Designation (or as otherwise required by