Nauticus Robotics agrees to acquire SeaTrepid for $16M; expects ~9x revenue boost

Nauticus Robotics, Inc.

Total consideration $16M: $8M cash ($4M at close, $4M by Sep 2025), $5.5M earn-out shares, plus $2.5M liabilities assumed.
Acquisition of subsea robotic services assets; closing expected March 2025 subject to creditor consents.
Combined revenue projected to be ~9x Nauticus’ standalone 2024 revenue; John Gibson remains CEO, Bob Christ to lead SeaTrepid operations.
Nauticus will integrate ToolKITT autonomy software into SeaTrepid’s ROV fleet for enhanced efficiency and new service capabilities.
Transaction includes 3-year non-compete from sellers; earn-out shares capped at 19.99% of outstanding shares.

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