Company: KITTW
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001849820-25-000123
Chunk: 98

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-30
Form: ARS
Chunk 98
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707,815 Accounts payable and accrued liabilities (1,696,525) 8,241,528 Contract liabilities (2,421,634) 2,767,913 Operating lease liabilities (397,375) (338,979) Other liabilities 895,118 - Net cash used in operating activities (24,201,567) (21,687,926) Cash flows from (used in) investing activities: Capital expenditures (501,600) (11,633,153) Proceeds from sale of assets held for sale 676,177 - Proceeds from sale of property and equipment 5,705 38,704 Proceeds from sale of short-term investments - 5,000,000 Net cash from (used in) investing activities 180,282 (6,594,449) Cash flows from financing activities: Table of Contents F-8

Proceeds from notes payable 14,305,000 11,096,884 Payment of debt issuance costs on notes payable (1,316,791) (607,500) Proceeds from November 2024 Debentures 2,150,000 - Proceeds from At the Market (ATM) offering 9,857,857 - Payment of ATM commissions and fees (499,903) - Proceeds from exercise of warrants - 338,055 Proceeds from exercise of stock options - 421,175 Net cash from financing activities 24,496,163 11,248,614 Effect of changes in exchange rates on cash and cash equivalents (42,229) - Net change in cash and cash equivalents 432,649 (17,033,761) Cash and cash equivalents, beginning of year 753,398 17,787,159 Cash and cash equivalents, end of year $ 1,186,047 $ 753,398 Supplemental disclosure of cash flow information: Cash paid for interest $ 158,559 $ 1,006,993 Cash paid for taxes $ - $ - Non-cash investing and financing activities: Conversion of convertible debt and accrued interest expense to Common Stock $ 29,741,859 $ - Exchange of convertible debt and accrued interest expense to preferred stock $ 61,429,200 $ - Series A preferred stock issued in exchange for convertible debt $ 110,300,191 $ - Exercise of warrants $ 4,635,257 $ - Liabilities relieved through sale of assets held for sale $ 1,158,609 $ - Transfer from assets held for sale to