Nauticus Robotics, Inc. announced that it has converted $3.7 million of outstanding debt to equity under its Senior Secured Term Loan Agreement, following an amendment that lowered the conversion price to $1.76 for a limited period. Additionally, certain lenders converted $1.15 million of outstanding debt to equity under the company's secured convertible debentures issued in November 2024. These transactions have resulted in a significant increase in shareholder equity, which the company believes now exceeds the $2.5 million requirement for continued listing on the Nasdaq Capital Market.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nauticus Robotics, Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001849820-25-000301), on December 08, 2025, and is solely responsible for the information contained therein.
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