Nauticus Robotics exchanges convertible debentures for 35,434 Series A Preferred shares

Nauticus Robotics, Inc.

On Dec 27-31, 2024, Nauticus issued 27,588, 2,504, and 5,342 Series A Preferred shares to three institutional investors in exchange for outstanding convertible debentures.
The Series A Preferred is convertible into common stock, subject to a 9.9% beneficial ownership cap (except one investor) and Nasdaq stockholder approval.
The exchange was consummated under Section 3(a)(9) exemption from registration, consistent with the previously announced Exchange Agreement.
This transaction reduces the convertible debenture principal outstanding and associated obligations on the balance sheet.

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