Nauticus Robotics, Inc. temporarily reduced its convertible loan conversion price to $1.488 through October 2, 2026, with lenders capped at selling no more than 10% of average daily trading volume over the 10 Trading Days.
KITT · Nauticus Robotics, Inc. · Documents
Substantial doubt about the company's ability to continue as a going concern.
“Because of these factors, the Company believes that this creates substantial doubt about the Company's ability to continue as a going concern for a period of at least twelve months from the date the June 30, 2026 financial statements were issued.”View the 10-Q filed Aug 12, 2026
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Nauticus Robotics, Inc. received waivers covering Series B and Series C Convertible Preferred Stock through March 31, 2027, waiving the September 30, 2026 triggering event and related default dividend, conversion premium, notice and equity-condition consequences; other rights remain unchanged.
Nauticus Robotics received a Series A Convertible Preferred Stock holder’s waiver of the September 30, 2026 triggering event through and including January 31, 2027, including the 18% per annum default dividend increase and related triggering-event consequences.
Nauticus Robotics obtained a holder waiver of the September 30, 2026 triggering event through December 31, 2027, avoiding an 18% default dividend rate, related incremental dividends and a 125% conversion multiplier solely tied to that event.
Nauticus Robotics, Inc. entered a non-binding letter of intent for a private placement of up to $50 million. It remains subject to due diligence, definitive agreements and closing conditions, and could cause dilution or a change of control.
Nauticus Robotics, Inc. will conduct a 1-for-6 reverse stock split, effective at 8:01 PM Eastern Time on September 24, 2026, to meet NASDAQ Capital Market’s minimum bid price requirement; split-adjusted trading is expected to begin September 25, 2026.