secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001013762-23-002532
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000101376223002532/0001013762-23-002532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000101376223002532/ea186300-8k425_nauticus.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-002532

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer