{"schema_version":"secwatch.filing_event.v1","accession":"0001849820-25-000296","form_type":"8-K","ticker":"KITT","cik":"0001849820","company_name":"Nauticus Robotics, Inc.","filed_at":"2025-12-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.804118+00:00","generated_at":"2026-05-16T14:53:32.200863+00:00","sec_items":["1.01","1.02","3.02","3.03","5.03","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Nauticus Robotics exchanges debt for Series C Preferred with conversion at $0.95, floor $0.19","bullets":["Exchanges up to 3,814 shares of Series C Preferred Stock for existing convertible debt and debentures.","Series C Preferred: stated value $1,000, conversion price $0.95, floor $0.19, alternative conversion at 98% of 10-day VWAP.","Company must seek stockholder approval by Jan 17, 2026 for share issuances; meetings by Mar 3, 2026 for reverse split up to 250:1 and authorized share increase to 1.5B.","Dividends of 10% per annum on as-if-converted basis; Triggering events increase dividend to 18% and allow alternate conversion.","Company option to redeem all Series C Preferred at 25% premium; holders get 25% premium on bankruptcy triggering event."],"urls":{"canonical":"https://secwatch.observer/filing/0001849820-25-000296","json":"https://secwatch.observer/filing/0001849820-25-000296.json","markdown":"https://secwatch.observer/filing/0001849820-25-000296.md","text":"https://secwatch.observer/filing/0001849820-25-000296.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1849820/000184982025000296/0001849820-25-000296-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1849820/000184982025000296/kitt-20251203.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T14:53:32.200863+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"}