secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001849820-24-000085
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nauticus Robotics borrows additional $1M under existing senior secured term loan
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- Incremental loan of $1,000,000 from lender ATW Special Situation III LLC under existing Term Loan Agreement.
- Loan carries same terms as the ATW Extended Maturity Term Loan and matures on the 30th anniversary of the Jan 30, 2024 agreement.
- Commitment schedule shows ATW III holds 50% of Extended Maturity Term Loan commitment ($1M) and ATW I holds the other 50% ($1M).
- Company must pay a Minimum Return Fee on the incremental loan, due at maturity or full repayment of obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982024000085/0001849820-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982024000085/kitt-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001849820-24-000085

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