---
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"
generated_at: "2026-05-17T02:13:35.445016+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849820-25-000257
- JSON: https://secwatch.observer/filing/0001849820-25-000257.json
- Plain text: https://secwatch.observer/filing/0001849820-25-000257.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.