---
schema_version: "secwatch.filing_event.v1"
accession: "0001849820-25-000007"
form_type: "8-K"
ticker: "KITT"
cik: "0001849820"
company_name: "Nauticus Robotics, Inc."
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T11:26:24.807994+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nauticus Robotics reduces loan conversion price to $1.59 per share

## Summary
- 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.

## SEC filing metadata
- accession: 0001849820-25-000007
- form_type: 8-K
- ticker: KITT
- cik: 0001849820
- company_name: Nauticus Robotics, Inc.
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849820/000184982025000007/0001849820-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849820/000184982025000007/kitt-20250103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849820-25-000007
- JSON: https://secwatch.observer/filing/0001849820-25-000007.json
- Plain text: https://secwatch.observer/filing/0001849820-25-000007.txt

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