secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-06-02T23:15:12+00:00
Accession:  0001849820-26-000096
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000096/0001849820-26-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000096/kitt-20260601.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000096

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer