secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2026-10-01T23:11:05+00:00
Accession:  0001849820-26-000168
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000168/0001849820-26-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982026000168/kitt-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001849820-26-000168

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer