Recent Updates — KITT

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.

Nauticus Robotics announced on September 25, 2026, that it entered into a non-binding letter of intent with a strategic investor for a private placement equity investment of up to $50 million. The transaction remains subject to due diligence, negotiation, execution of definitive agreements, and closing conditions. The Board is evaluating the proposal and may engage an independent financial advisor. Final terms could result in dilution or a change of control, but there is no assurance the deal will close. Nauticus Robotics develops autonomous subsea robotic systems and autonomy software for commercial and defense sectors.

Nauticus Robotics entered into a Fifth Amendment to its Senior Secured Term Loan Agreement with lenders on September 17, 2026. The amendment extends the maturity date of the debt to January 31, 2028. This follows previous amendments in October 2025, May 2026, June 2026, and August 2026 that adjusted the loan's conversion price between $1.76 and $2.20. The company also executed a Collateral Agent Acknowledgment and Consent as part of this transaction. Nauticus Robotics operates in the robotics industry, designing and building autonomous underwater vehicles for commercial and government applications.