---
schema_version: "secwatch.filing_event.v1"
accession: "0001849820-26-000096"
form_type: "8-K"
ticker: "KITT"
cik: "0001849820"
company_name: "Nauticus Robotics, Inc."
filed_at: "2026-06-02T23:15:12+00:00"
generated_at: "2026-06-03T10:06:03.131749+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001849820-26-000096
- form_type: 8-K
- ticker: KITT
- cik: 0001849820
- company_name: Nauticus Robotics, Inc.
- filed_at: 2026-06-02T23:15:12+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849820/000184982026000096/0001849820-26-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849820/000184982026000096/kitt-20260601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849820-26-000096
- JSON: https://secwatch.observer/filing/0001849820-26-000096.json
- Plain text: https://secwatch.observer/filing/0001849820-26-000096.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849820/000184982026000096/0001849820-26-000096-index.htm

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