---
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"
generated_at: "2026-05-16T14:53:32.200863+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nauticus Robotics exchanges debt for Series C Preferred with conversion at $0.95, floor $0.19

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849820-25-000296
- JSON: https://secwatch.observer/filing/0001849820-25-000296.json
- Plain text: https://secwatch.observer/filing/0001849820-25-000296.txt

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