Nauticus Robotics regains Nasdaq compliance via debt exchange and equity sales

Nauticus Robotics, Inc.

Exchanged existing notes for 27,588 shares of Series A Preferred Stock on Dec 27, 2024, increasing equity by $35.4 million.
Stockholders approved conversion of preferred stock under Nasdaq rule 5635 on Jan 15, 2025.
Raised $30 million in common stock via ATM offering since May 2024, net proceeds $28.8 million.
Reduced conversion price of term loan to $1.59 on Jan 3, 2025.
Company believes stockholders' equity now exceeds $2.5 million requirement for continued listing.

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