debt
confidence high
sentiment neutral
materiality 0.50
Nauticus extends term loan maturity to Jan 31, 2028; waives prior maturity defaults
Nauticus Robotics, Inc.
- Fifth Amendment dated Sept 14, 2026 effective Sept 17, 2026 extends Maturity Date to Jan 31, 2028.
- Lenders waive any Default/Event of Default arising solely from earlier maturity triggers before effective date.
- No extension or exit fee now; Exit Fees remain due at maturity or when all obligations are paid in full.
- Collateral agent ATW Special Situations Management LLC consented; all liens and security interests reaffirmed.
- Amendments follow repeated conversion-price reductions (e.g., $1.80 in Aug 2026) under existing loan terms.