secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-10-01T13:29:10+00:00
Accession:  0001849820-26-000163
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nauticus Robotics wins Series A preferred waiver of Sept 30, 2026 Triggering Event through Jan 31, 2027
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- Series A holder waived the Sept 30, 2026 Triggering Event — preferred shares remain outstanding — for the period Sept 30, 2026 through Jan 31, 2027.
- Waiver suspends dividend rate increase to the 18% default rate, related incremental dividends, and Triggering Event Conversion including the 125% multiplier (25% premium) on the Conversion Amount.
- Relieves Nauticus of the Triggering Event notice requirement; Specified Event disregarded for Equity Conditions; existing 120% Conversion Amount calculation is unaffected.
- Other Series A, B and C preferred holders will sign substantially similar waivers, with waiver periods ending no earlier than Jan 31, 2027; covenants bar side benefits to other holders.
- From Feb 1, 2027, the Triggering Event and its consequences apply prospectively if any Series A shares remain outstanding, with no retroactive penalties for the Waiver Period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000163/0001849820-26-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000163/kitt-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000163

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