Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 1

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 1
---
 the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

| Large accelerated filer |     | o |     | Accelerated filer         |     | o |
| Non-accelerated filer   |     | x |     | Smaller reporting company |     | x |
|                         |     |   |     | Emerging growth company   |     | x |

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.) Yes o No x

As of November 11, 2024 , the registrant had 6,407,475 shares of common stock outstanding.

<div align='center'>EXPLANATORY NOTE REGARDING THIS AMENDMENT</div>

Nauticus Robotics, Inc. (the “Company”) is filing this Amendment No. 1 to it's Quarterly Report on Form 10-Q (this “Amendment”) to amend and restate its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 12, 2024 (the “Original Report”), to reflect the change in treatment of debt accounting related to the convertible debentures that were issued in the January 30, 2024 transaction, as previously reported on the Company’s Current Report on Form 8-K filed on February 5, 2024. The Company previously applied debt modification accounting to this transaction but has since determined that extinguishment accounting should have been used. Additionally in the third quarter there was an accounting change for the incremental $2.1 million incremental debt that was owed for conversions that occurred below the conversion price. As a result, the audit committee of the Company’s board of directors, in consultation with the Company’s management and its independent auditor, concluded that the Company’s unaudited condensed consolidated financial statements as of and for the three