Nauticus Robotics entered into a Sixth Amendment to its Senior Secured Term Loan Agreement on September 30, 2026, reducing the conversion price of the convertible debt to $1.488 per share for the period ending October 2, 2026. This follows a series of prior amendments that had lowered the conversion price from an initial $6.00 to various levels between $1.76 and $2.20 throughout 2025 and 2026. The amendment also includes a Collateral Agent Acknowledgment and Consent, extending the maturity date to January 31, 2028. This company operates in the robotics industry, designing and building autonomous underwater vehicles for commercial and government applications.
