other_material
confidence high
sentiment neutral
materiality 0.65
Nauticus Robotics raises $2.94M via Series B Preferred; conversion price $0.9181
Nauticus Robotics, Inc.
- Issued 3,000 shares of Series B Convertible Preferred Stock at $1,000 stated value, raising $2,940,000 in initial closing.
- Series B Preferred pays 10% annual dividend on an as-converted basis; holders have no voting rights.
- Conversion price fixed at $0.9181 per share, subject to adjustments; Alternate Conversion Price available.
- Company may redeem all outstanding shares at 25% premium to greater of conversion amount or equity value.
- This amendment corrects XBRL tagging errors in prior 8-K; no other changes to the original filing.
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