secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001849820-25-000191
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nauticus Robotics raises $2.94M in Series B preferred offering; up to $7.84M total
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- Initial closing sold 3,000 shares of Series B Preferred at $980/share for $2.94M to an institutional investor.
- Investor may purchase up to 5,000 additional shares ($4.9M) over 72 months at $980/share.
- Conversion price fixed at $0.9181 per share; floor price $0.1836, with automatic price adjustments.
- Series B pays 10% annual dividend on as-converted basis, payable in common shares when dividends paid on common.
- Preferred ranks senior to common and Series A; no voting rights except as required by law.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982025000191/0001849820-25-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982025000191/kitt-20250806.htm
  HTML page:      https://secwatch.observer/filing/0001849820-25-000191

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer