debt
confidence high
sentiment negative
materiality 0.65
Nauticus Robotics cuts loan conversion price to $1.80 for one day, from $15,552
Nauticus Robotics, Inc.
- Fourth Amendment to Term Loan Agreement dated Aug 12, 2026 reduces conversion price to $1.80 for period ending Aug 13, 2026.
- Prior conversion price was $15,552.00 after reverse stock splits; temporary reduction may trigger lender conversions.
- Lenders agree not to sell conversion shares exceeding 10% of average daily volume over prior 10 trading days until Aug 13.
- Amendment signed with each lender; all other loan terms remain unchanged.