Nauticus Robotics Files 8-K for Material Definitive Agreement

Ticker: KITTW · Form: 8-K · Filed: May 20, 2024 · CIK: 1849820

Sentiment: neutral

Topics: material-agreement, 8-k

Related Tickers: NKTR

TL;DR

Nauticus Robotics (NKTR) filed an 8-K for a material definitive agreement. Big news incoming.

AI Summary

Nauticus Robotics, Inc. announced on May 20, 2024, that it entered into a Material Definitive Agreement. The company, formerly known as Cleantech Acquisition Corp., is incorporated in Delaware and headquartered in Webster, TX. This filing is a current report under the Securities Exchange Act of 1934.

Why It Matters

This filing indicates a significant business development for Nauticus Robotics, potentially impacting its operations, partnerships, or financial structure.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, requiring careful evaluation of the specific terms and implications for the company.

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement?

The filing states that Nauticus Robotics, Inc. entered into a Material Definitive Agreement on May 20, 2024, but the specific details of the agreement are not provided in this summary.

When was this agreement entered into?

The agreement was entered into on May 20, 2024, as indicated by the 'Date of Report (Date of earliest event reported)'.

What was Nauticus Robotics, Inc. formerly known as?

Nauticus Robotics, Inc. was formerly known as Cleantech Acquisition Corp.

Where is Nauticus Robotics, Inc. headquartered?

Nauticus Robotics, Inc.'s principal executive offices are located at 17146 Feathercraft Lane, Suite 450, Webster, TX 77598.

What type of filing is this?

This is a Form 8-K Current Report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 569 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-05-20 06:20:39

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 20, 2024, Nauticus Robotics, Inc. (the "Company") entered into an At the Market Offering Agreement (the "Agreement") with H.C. Wainwright & Co., LLC ("H.C. Wainwright"). Pursuant to the Agreement, the Company may issue and sell shares of common stock through HC Wainwright in an at-the-market offering. The Company agrees to pay the costs and expenses of H.C. Wainwright and a broker fee of 3% of the gross sales price of the shares sold pursuant to the Agreement. The Agreement contains other terms and conditions that are usual and customary for a transaction of this type. Contemporaneously with the entry into the Agreement, the Company filed a prospectus supplement with the Securities and Exchange Commission describing the terms of the at-the-market offering. The foregoing description of the transaction described in this Item 1.01 does not purport to be completed and is qualified in its entirety by reference to the complete text of the Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 10.1 At the Market Offering Agreement dated May 20, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 20, 2024 Nauticus Robotics, Inc. By: /s/ Nicholas J. Bigney Name: Nicholas J. Bigney Title: General Counsel

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