---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-078141"
form_type: "8-K"
ticker: "KITT"
cik: "0001849820"
company_name: "Nauticus Robotics, Inc."
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T11:09:01.358708+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nauticus Robotics secures up to $20M secured term loan from existing investors; $11.6M funded

## Summary
- Term loan up to $20M, $11.6M funded immediately; 12.50% interest, convertible at $6.00/share.
- Lenders include Transocean (RIG), ATW Partners, Material Impact, and RCB Equities.
- Loan secured by first lien on all assets; existing debentures move to second lien.
- Maturity: earlier of 3 years, 91 days before debenture maturity, or if $35M+ new debt received.
- Company actively discussing larger capital round with new investors to support fleet expansion.

## SEC filing metadata
- accession: 0001213900-23-078141
- form_type: 8-K
- ticker: KITT
- cik: 0001849820
- company_name: Nauticus Robotics, Inc.
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849820/000121390023078141/0001213900-23-078141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849820/000121390023078141/ea185406-8k_nauticusrobo.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-078141
- JSON: https://secwatch.observer/filing/0001213900-23-078141.json
- Plain text: https://secwatch.observer/filing/0001213900-23-078141.txt

## Key facts
- Debt Financings
  Nauticus Robotics, Inc. incurred term loan of up to an aggregate $20.0 million with ATW Special Situations II LLC at 12.50% per annum maturing the earliest of: (a) the third anniversary of the date of the Term Loan Agreement, (b) 91 days prior to the maturity of the 5% Original Issue Discount Senior Se.
  - Instrument: term loan
  - Principal: up to an aggregate $20.0 million
  - Counterparty: ATW Special Situations II LLC
  - Rate: 12.50% per annum
  - Maturity: the earliest of: (a) the third anniversary of the date of the Term Loan Agreement, (b) 91 days prior to the maturity of the 5% Original Issue Discount Senior Se
  - Event: incurrence
  source text: Impact Fund II, L.P. (“MIF”) and RCB Equities #1, LLC (“RCB”), as lenders (collectively, the “Lenders”). The Term Loan Agreement provides the Company with up to an aggregate $20.0 million of secured term loans (the “Loans”), of which $11.6 million has already been funded and/or deemed issued under the Term Loan Agreement. Any portion of the outstanding principal
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849820/000121390023078141/0001213900-23-078141-index.htm
- Material Agreements
  Nauticus Robotics, Inc. entered into Term Loan Agreement with ATW Special Situations II LLC, Transocean Finance Limited, ATW Special Situations I LLC, Material Impact Fund II, L.P. and RCB Equities #1, LLC valued at up to an aggregate $20.0 million (effective 2023-09-18).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: ATW Special Situations II LLC, Transocean Finance Limited, ATW Special Situations I LLC, Material Impact Fund II, L.P. and RCB Equities #1, LLC
  - Value: up to an aggregate $20.0 million
  - Effective: 2023-09-18
  source text: On September 18, 2023, Nauticus Robotics, Inc., a Delaware corporation (the “Company”), entered into a senior secured term loan agreement (the “Term Loan Agreement” with ATW Special Situations II LLC (“ATW II”), as collateral agent (in such capacity, the “Collateral Agent”) and lender, and Transocean Finance Limited (“Transocean Finance”), ATW Special Situations I LLC (“ATW I”), Material Impact Fund II, L.P. (“MIF”) and RCB Equities #1, LLC (“RCB”), as lenders (collectively, the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849820/000121390023078141/0001213900-23-078141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.