Nauticus Robotics, Inc. (KITT) Form 8-K — Oct 1, 2026
Nauticus Robotics entered a Sixth Amendment to its senior secured term loan on September 30, 2026, temporarily cutting the conversion price to $1.488 through October 2, 2026, with collateral agent ATW Special Situations Management LLC consenting. This is the latest in a string of amendments reducing the conversion price from an initial $6.00 down through $1.76, $2.20, and $1.80 over the past year, alongside a maturity extension to January 31, 2028 agreed in mid-September 2026.
Key figures
- Conversion Price
- $1.488
- Reverse splits
- ["2024-07-18","2025-09-05","2026-04-21","2026-09-25"]
- Trading volume cap
- 10% of 10-day average daily volume per trading day
- Maturity date extended
- 2028-01-31
- Conversion price window end
- 2026-10-02
- Conversion price prior amendments
- ["$6.00 (initial)","$1.76 (Oct 2025)","$2.20 (May 2026)","$1.80 (Jun 2026)","$1.80 (Aug 2026)"]
- Adjusted conversion price pre amendment
- $93,312.00
AI analysis
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