Nauticus Robotics secures $250M equity facility, converts $3.7M debt, and signs LOI for debt-to-preferred exchange

Nauticus Robotics, Inc.

Entered $250M equity purchase facility; shares sold at market prices over 24 months, subject to 19.99% exchange cap without stockholder approval.
Conversion price on existing term loan reduced to $1.76 (from $1,944) for period ending November 7, 2025.
Agreed to convert $3.7M of debt into common equity, with additional debt-to-preferred exchange of up to $5M to address shareholder equity deficiency and Nasdaq compliance.
Issued LOI with ATW Special Situations to exchange up to $5M of debt for convertible preferred stock, contingent on definitive agreements and conditions.
Company plans to use ELOC proceeds for acquisitions and entry into deep-sea rare earth mineral exploration market.

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