secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-08-13T20:41:35+00:00
Accession:  0001849820-26-000128
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nauticus Robotics cuts loan conversion price to $1.80 for one day, from $15,552
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000128/0001849820-26-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000128/kitt-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000128

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