Nauticus Robotics, Inc. (KITT) Form 8-K — Sep 18, 2026
Nauticus Robotics entered into a Fifth Amendment to its Senior Secured Term Loan Agreement with each of its lenders, dated as of September 14, 2026, extending the maturity date of all outstanding loans to January 31, 2028. Without the amendment, the loans would have reached the third-anniversary maturity of the original September 18, 2023 agreement on September 18, 2026. The lenders waived any defaults or events of default arising solely from maturity dates occurring before the amendment became effective on September 17, 2026, and collateral agent ATW Special Situations Management LLC consented to the extension.
Key figures
- Maturity Date
- January 31, 2028
- Amendment effective date
- September 17, 2026
- Consent or extension fee
- none payable
- Initial conversion price
- $6.00
- Term loan origination date
- September 18, 2023
- Most recent conversion price
- $1.80
- Original third anniversary maturity
- September 18, 2026
AI analysis
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