secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-10-01T22:45:48+00:00
Accession:  0001849820-26-000166
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nauticus Robotics gets waivers for Series B/C preferred triggering event through March 31, 2027
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- Nauticus Robotics received two executed waivers on Sept. 30, 2026 for Series B and Series C preferred stock, waiving the Section 5(a)(xv) triggering event through March 31, 2027.
- The waivers suspend the 18% default dividend rate, incremental dividends, and Triggering Event Conversion, including the 125% multiplier (25% premium), while preserving the 120% Conversion Amount.
- The Section 5(b) notice requirement is waived, and the specified event is disregarded for Equity Conditions; after March 31, 2027, consequences apply prospectively if shares remain outstanding.
- The Series B waiver is Exhibit 10.1 and the Series C waiver is Exhibit 10.2; CEO John W. Gibson Jr. acknowledged receipt.
- Nauticus common stock KITT and warrants KITTW trade on Nasdaq; the waivers bind only the signing holder's preferred shares and do not bind non-signing holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000166/0001849820-26-000166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000166/kitt-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000166

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