Nauticus Robotics, Inc. Announces Exchange Agreement to Reduce a Large Portion of its Debt and Increase Stockholders' Equity
Nauticus Robotics entered into an exchange agreement to convert approximately $4.0 million of outstanding indebtedness and accrued interest into 4,800 shares of Series C Convertible Preferred Stock. The transaction eliminates this debt from the balance sheet and increases stockholders' equity as part of an effort to strengthen the company's capital structure.
Key figures
- Deal Value Usd
- 4000000
- Share class
- Series C Convertible Preferred Stock
- Shares issued
- 4800
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