---
schema_version: "secwatch.filing_event.v1"
accession: "0001849820-25-000067"
form_type: "8-K"
ticker: "KITT"
cik: "0001849820"
company_name: "Nauticus Robotics, Inc."
filed_at: "2025-03-19T23:59:59+00:00"
generated_at: "2026-05-24T12:12:42.414046+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nauticus Robotics restates Q1-Q3 2024 financials due to debt accounting error

## Summary
- Audit committee concludes Q1, Q2, Q3 2024 unaudited financials should no longer be relied upon.
- Error: used debt modification accounting instead of extinguishment accounting for Jan 2024 debenture exchange.
- Restatement will impact Notes Payable, Interest Expense, and Change in fair value of new debentures (non-cash).
- Debt converted to preferred shares in Q4 2024, resulting in zero value at year-end.
- Company may identify additional material weaknesses in ICFR due to this error.

## SEC filing metadata
- accession: 0001849820-25-000067
- form_type: 8-K
- ticker: KITT
- cik: 0001849820
- company_name: Nauticus Robotics, Inc.
- filed_at: 2025-03-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849820/000184982025000067/0001849820-25-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849820/000184982025000067/kitt-20250313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849820-25-000067
- JSON: https://secwatch.observer/filing/0001849820-25-000067.json
- Plain text: https://secwatch.observer/filing/0001849820-25-000067.txt

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