other material
confidence high
sentiment neutral
materiality 0.30
Nauticus Robotics issues 2,023 Series C Preferred shares in exchange for $2M debenture
Nauticus Robotics, Inc.
- On March 27, 2026, Nauticus exchanged $2M principal debenture into 2,023 Series C Preferred shares.
- Exchange was pursuant to Amendment and Exchange Agreements previously disclosed on Dec 3, 2025.
- The debenture was originally issued to an institutional investor on Feb 9, 2026.
- Exchange relied on Section 3(a)(9) exemption under the Securities Act.
- Transaction reduces outstanding debt by $2M and adds preferred equity.