Nauticus Robotics amends term loan; conversion price cut to $1.80 through June 15

Nauticus Robotics, Inc.

Third Amendment to Senior Secured Term Loan Agreement reduces conversion price to $1.80/share.
Reduced price applies to loans converted during the period ending June 15, 2026.
Prior amendments set conversion prices at $1.76 (Oct 2025) and $2.20 (May 2026).
Lenders may convert all or part of outstanding loans into common stock at adjusted price.

Key facts

Extracted from this filing and checked against the source text.

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

Nauticus Robotics, Inc. amended Third Amendment to the Term Loan Agreement with each Lender valued at conversion price reduced to $1.80 for period ending June 15, 2026 (effective 2026-06-01).

Action: amendment
Agreement: credit facility
Counterparty: each Lender
Value: conversion price reduced to $1.80 for period ending June 15, 2026
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026, the Company entered into a Third Amendment to the Term Loan Agreement (the “Third Amendment”) with each Lender, pursuant to which the conversion price was reduced to $1.80 for the period ending on June 15, 2026.

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Source: SEC EDGAR

accession 0001849820-26-000096

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