Nauticus Robotics to acquire 3D at Depth for ~$34M in stock

Nauticus Robotics, Inc.

Acquisition valued at approximately $34M in Nauticus common stock, before adjustments and debt assumption.
Consideration based on $2.04 20-day VWAP; certain 3DAD stockholders subject to 90- or 180-day lock-up.
Schlumberger Technology Corporation granted director designation right on Nauticus board.
Transaction requires Nauticus stockholder approval and regulatory clearances; closing targeted within 180 days.
Deal expands Nauticus' subsea autonomous capabilities with 3D's LiDAR inspection and data services.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nauticus Robotics, Inc. entered into Agreement and Plan of Merger with 3D at Depth, Inc. valued at Merger of Merger Sub with and into 3DAD, with 3DAD surviving as wholly owned subsidiary (effective 2023-10-02).

Action: entry
Agreement: merger
Counterparty: 3D at Depth, Inc.
Value: Merger of Merger Sub with and into 3DAD, with 3DAD surviving as wholly owned subsidiary
Effective: 2023-10-02

Exact text from the filing

On October 2, 2023, Nauticus Robotics, Inc., a Delaware corporation (“Nauticus”), entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”) with 3D Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Nauticus (“Merger Sub”), and 3D at Depth, Inc., a Delaware corporation (“3DAD”

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Nauticus Robotics, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-002532

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