Nauticus Robotics cuts term loan conversion price to $1.488 through Oct 2; lender sales capped at 10% of volume

Nauticus Robotics, Inc.

Sixth Amendment to the Sept 18, 2023 Senior Secured Term Loan reduces the Conversion Price from $93,312.00 to $1.488 for the period Sept 30 to Oct 2, 2026.
Lender agrees not to sell Conversion Shares on any Trading Day in excess of 10% of the 10-trading-day average daily volume, through Oct 2, 2026.
Fifth Amendments dated Sept 14, 2026, entered between Sept 15-17, 2026, extended the Term Loan Maturity Date to January 31, 2028.
Prior temporary conversion price cuts: $1.76 (Oct 2025), $2.20 (May 2026), $1.80 (June 2026) and $1.80 (Aug 2026).
Conversion price is adjusted for reverse stock splits effective July 18, 2024, Sept 5, 2025, April 21, 2026 and Sept 25, 2026; all liens reaffirmed.

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