Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nauticus Robotics, Inc. incurred term loan of aggregate $9.55 million of secured term loans with ATW Special Situations Management LLC, ATW Special Situations III LLC, Material Impact Fund II, L.P., VHG Investments LLC, ATW II LLC, ATW I LLC at 15% per annum maturing earliest of: (a) the third anniversary of the date of the Term Loan Agreement, (b) the maturity of the Indebtedness under that certain Senior Secured Term Loan.
- Instrument
- term loan
- Principal
- aggregate $9.55 million of secured term loans
- Counterparty
- ATW Special Situations Management LLC, ATW Special Situations III LLC, Material Impact Fund II, L.P., VHG Investments LLC, ATW II LLC, ATW I LLC
- Rate
- 15% per annum
- Maturity
- earliest of: (a) the third anniversary of the date of the Term Loan Agreement, (b) the maturity of the Indebtedness under that certain Senior Secured Term Loan
- Event
- incurrence
Exact text from the filing
the Company also entered into a senior secured term loan agreement (the “Term Loan Agreement”) with ATW Special Situations Management LLC (“ATW Management”), as collateral agent (in such capacity, the “Collateral Agent”) and lender, and ATW Special Situations III LLC (“ATW III”), Material Impact, VHG Investments LLC (“VHG Investments”), ATW II LLC and ATW I LLC, as lenders (collectively, the “Lenders”). The Term Loan Agreement provides the Company with an aggregate $9.55 million of secured term loans (the “Loans”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Nauticus Robotics, Inc. incurred term loan of aggregate principal amount of $3,753,144 with ATW II and Material Impact at same terms as the Additional Term Loans.
- Instrument
- term loan
- Principal
- aggregate principal amount of $3,753,144
- Counterparty
- ATW II and Material Impact
- Rate
- same terms as the Additional Term Loans
- Event
- incurrence
Exact text from the filing
the Company also entered into a Second Agreement Regarding Incremental Loans, dated as of January 30, 2024 (the “Second Agreement”), by and among the Company, the guarantors (as defined in the Second Agreement), and ATW II and Material Impact, as incremental lenders. The Second Agreement provides the Company with an incremental loan in the aggregate principal amount of $3,753,144 (the “January 2024 Incremental Loan”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Nauticus Robotics, Inc. entered into Senior Secured Term Loan Agreement with ATW Special Situations Management LLC and others valued at $9.55 million (effective 2024-01-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- ATW Special Situations Management LLC and others
- Value
- $9.55 million
- Effective
- 2024-01-30
Exact text from the filing
On January 30, 2024, the Company also entered into a senior secured term loan agreement (the “Term Loan Agreement”) with ATW Special Situations Management LLC (“ATW Management”), as collateral agent (in such capacity, the “Collateral Agent”) and lender, and ATW Special Situations III LLC (“ATW III”), Material Impact, VHG Investments LLC (“VHG Investments”), ATW II LLC and ATW I LLC, as lenders (collectively, the “Lenders”). The Term Loan Agreement provides the Company with an aggregate $9.55 million of secured term loans
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Nauticus Robotics, Inc. entered into Second Agreement Regarding Incremental Loans with ATW Special Situations II LLC and Material Impact Fund II, L.P. valued at $3,753,144 (effective 2024-01-30).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- ATW Special Situations II LLC and Material Impact Fund II, L.P.
- Value
- $3,753,144
- Effective
- 2024-01-30
Exact text from the filing
the Company also entered into a Second Agreement Regarding Incremental Loans, dated as of January 30, 2024 (the “Second Agreement”), by and among the Company, the guarantors (as defined in the Second Agreement), and ATW II and Material Impact, as incremental lenders. The Second Agreement provides the Company with an incremental loan in the aggregate principal amount of $3,753,144
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Nauticus Robotics, Inc. amended Second Amendment to Senior Secured Term Loan Agreement with required lenders (effective 2024-01-30).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- required lenders
- Effective
- 2024-01-30
Exact text from the filing
On January 30, 2024, Nauticus Robotics, Inc., a Delaware corporation (the “Company”), entered into a Second Amendment to Senior Secured Term Loan Agreement, dated as of January 30, 2024 (the “Second Amendment”), by and among the Company, the guarantors (as defined in the Second Amendment) and the required lenders (as defined in the Second Amendment), which amended that certain Senior Secured Term Loan Agreement, dated as of September 18, 2023
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