secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-06-30T12:15:39+00:00
Accession:  0001849820-26-000101
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nauticus Robotics converts $4.0M debt into Series C Preferred Stock to boost equity
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- Converted $4.0M of outstanding debt and accrued interest into 4,800 shares of Series C Convertible Preferred Stock.
- Transaction eliminates $4.0M of debt from balance sheet and increases stockholders' equity.
- Expected to support continued compliance with Nasdaq's stockholders' equity requirements.
- Exchange with existing institutional lender under Section 3(a)(9) exemption; no commissions paid.
- Holder may require additional exchanges of remaining Term Loan indebtedness for Series C Preferred Stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000101/0001849820-26-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000101/kitt-20260626.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000101

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