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

Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001213900-23-067988
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Nauticus Robotics restates Q3 2022 and Q1 2023 financials; prior filings no longer reliable
--------------------------------------------------------------------------------

- Q3 2022 restated: warrants reclassified from equity to derivative liabilities at fair value; no impact on liquidity or cash flows.
- Q1 2023 restated: untimely recognition of accrued liability from complex investor agreement corrected; no impact on revenues or costs.
- Audit Committee and auditor Whitley Penn concluded both sets of financials should no longer be relied upon.
- Both restatements had zero effect on liquidity, cash flows, revenues, or cost of operations for the affected periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000121390023067988/0001213900-23-067988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000121390023067988/ea183556-8k_nauticus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-067988

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