Nauticus Robotics, Inc. (KITT): debt financing — Nauticus Robotics hires Brian Allen as CRO; also amends debt terms and issues convertible note

Nauticus Robotics, Inc.

Brian Allen appointed Chief Revenue Officer, effective May 13, 2026; formerly CEO of Beam with $90M sales pipeline.
Allen brings over 15 years subsea robotics experience; will lead EMEA commercial strategy and tech licensing.
Term Loan conversion price reduced to $2.20 for period ending May 21, 2026.
Issued $1.56M convertible debenture due 2026, convertible at $7.60 per share.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Nauticus Robotics, Inc. incurred convertible notes of $1,556,122.00 with institutional investor at original issue discount senior secured convertible debenture maturing September 9, 2026.

Instrument: convertible notes
Principal: $1,556,122.00
Counterparty: institutional investor
Rate: original issue discount senior secured convertible debenture
Maturity: September 9, 2026
Event: incurrence

Exact text from the filing

On May 12, 2026, the Company issued an Original Issue Discount Senior Secured Convertible Debenture Due 2026, in the aggregate principal amount of $1,556,122.00 (the "Additional Note"), to an institutional investor

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Nauticus Robotics, Inc. amended term loan of Not restated; no new principal amount disclosed with Lenders party to the Term Loan Agreement, ATW Special Situations Management LLC at Not restated; no change disclosed maturing Not restated; no change disclosed.

Instrument: term loan
Principal: Not restated; no new principal amount disclosed
Counterparty: Lenders party to the Term Loan Agreement, ATW Special Situations Management LLC
Rate: Not restated; no change disclosed
Maturity: Not restated; no change disclosed
Event: amendment

Exact text from the filing

On May 11, 2026, the Company entered into a Second Amendment to the Term Loan Agreement (the "Second Amendment") with each Lender, pursuant to which the conversion price was reduced to $2.20 for the period ending on May 21, 2026.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nauticus Robotics, Inc. amended Amendment No. 2 to the Asset Purchase Agreement with SeaTrepid International, L.L.C., SeaTrepid Deepsea LLC, Remote Inspection Technologies, L.L.C. and certain individual selling persons (effective 2026-05-11).

Action: amendment
Agreement: asset purchase
Counterparty: SeaTrepid International, L.L.C., SeaTrepid Deepsea LLC, Remote Inspection Technologies, L.L.C. and certain individual selling persons
Effective: 2026-05-11

Exact text from the filing

On May 11, 2026, the Company entered into an Amendment No. 2 to the Asset Purchase Agreement (the “Amendment No. 2”) with the Sellers, pursuant to which the Company and the Sellers amended certain payment terms of the Purchase Agreement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nauticus Robotics, Inc. amended Second Amendment to the Term Loan Agreement with each Lender (effective 2026-05-11).

Action: amendment
Agreement: credit facility
Counterparty: each Lender
Effective: 2026-05-11

Exact text from the filing

On May 11, 2026, the Company entered into a Second Amendment to the Term Loan Agreement (the “Second Amendment”) with each Lender, pursuant to which the conversion price was reduced to $2.20 for the period ending on May 21, 2026.

View on SEC.gov

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Nauticus Robotics, Inc. filing history →

Source: SEC EDGAR

accession 0001849820-26-000081

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