debt
confidence high
sentiment neutral
materiality 0.50
Nauticus Robotics, Inc. (KITT): debt financing — Nauticus Robotics issues additional $1.02M convertible debenture due Sept 2026
Nauticus Robotics, Inc.
- Issued $1,020,408 principal amount Original Issue Discount Senior Secured Convertible Debenture to institutional investor.
- Debenture matures September 9, 2026; conversion price $0.5942 per share, convertible into 1,717,281 shares.
- Issued under existing November 4, 2024 securities purchase agreement; terms same as previously described.
- Unregistered sale relies on Section 4(a)(2) and Rule 506 of Regulation D.