other_material
confidence high
sentiment neutral
materiality 0.65
Nauticus Robotics issues 3,000 Series B Preferred shares for $2.94M private placement
Nauticus Robotics, Inc.
- Issued 3,000 shares of Series B Convertible Preferred at $980/share for total $2,940,000.
- Series B has $1,000 stated value, 10% annual dividends on as-converted basis, no voting rights.
- Conversion price fixed at $0.9181 per common share, subject to standard adjustments.
- Company can redeem all shares at 25% premium to greater of conversion amount or equity value.
- Designated 50,000 shares of Series B Preferred; offering exempt from registration.
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