Nauticus Robotics reduces loan conversion price to $1.59 per share

Nauticus Robotics, Inc.

Conversion price on Senior Secured Term Loan reduced to $1.59 (post-reverse split).
New conversion price equals common stock closing price on January 2, 2025.
Reduction effective January 3, 2025, with required lender consent.
Conversion remains subject to 4.99% beneficial ownership cap for most lenders.
Lower conversion price increases potential dilution from debt-to-equity conversion.

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