Nauticus Robotics, Inc. (KITT) Form 8-K — Oct 1, 2026
Nauticus Robotics (KITT) received executed waivers from a holder of its Series B and Series C Convertible Preferred Stock covering a triggering event created because preferred shares remained outstanding past September 30, 2026. The waivers run through March 31, 2027 and eliminate the 18% default dividend rate, related incremental dividends, and the 125% trigger-conversion premium solely for that event.
Key figures
- Waiver period end
- 2027-03-31
- Default dividend rate
- 18% per annum
- Conversion amount calculation
- 120%
- Triggering event conversion multiplier
- 125%
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.