{"schema_version":"secwatch.filing_event.v1","accession":"0001849820-25-000257","form_type":"8-K","ticker":"KITT","cik":"0001849820","company_name":"Nauticus Robotics, Inc.","filed_at":"2025-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.803335+00:00","generated_at":"2026-05-17T02:13:35.445016+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nauticus Robotics secures $250M equity facility, converts $3.7M debt, and signs LOI for debt-to-preferred exchange","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001849820-25-000257","json":"https://secwatch.observer/filing/0001849820-25-000257.json","markdown":"https://secwatch.observer/filing/0001849820-25-000257.md","text":"https://secwatch.observer/filing/0001849820-25-000257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849820/000184982025000257/0001849820-25-000257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849820/000184982025000257/kitt-20251024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:13:35.445016+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}