secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-09-29T12:31:23+00:00
Accession:  0001849820-26-000155
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nauticus Robotics receives Series C preferred waiver delaying Sept. 30, 2026 triggering event to Dec. 31, 2027
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- Holder waived the Series C Section 5(a)(xv) triggering event for preferred shares outstanding on or after September 30, 2026, for the period from September 30, 2026 through December 31, 2027.
- The waiver avoids default dividend rate increase to 18% per annum and waives the 125% Triggering Event Conversion multiplier, including the 25% premium, during the Waiver Period.
- Existing 120% Conversion Amount calculation, ordinary conversion rights, and Alternate Optional Conversion rights are preserved; other triggers, breaches or defaults are not waived.
- Waiver became effective September 23, 2026, and expires automatically at the end of the Waiver Period; consequences apply prospectively from January 1, 2028 if preferred shares remain outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000155/0001849820-26-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000155/kitt-20260923.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000155

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