Nauticus Robotics Files 8-K

TL;DR

Nauticus Robotics (NKTR) filed an 8-K on Jan 29, 2025. Details TBD.

AI Summary

Nauticus Robotics, Inc. filed an 8-K on January 29, 2025, reporting an event under 'Other Events'. The filing indicates a change in the company's status or operations, though specific details of the event are not provided in this excerpt. The company was formerly known as Cleantech Acquisition Corp. and changed its name on March 8, 2021.

Why It Matters

This filing signals a material event for Nauticus Robotics, Inc., requiring disclosure to investors and the public. The nature of the event could impact the company's stock price and future business prospects.

Risk Assessment

Risk Level: medium — The filing is an 8-K, which typically reports material events, but the specific nature of the event is not detailed in the provided text, creating uncertainty.

Key Numbers

• 001-40611 — SEC File Number (Identifies the company's filing with the SEC)
• 87-1699753 — IRS Employer Identification No. (Company's tax identification number)

Key Players & Entities

• Nauticus Robotics, Inc. (company) — Registrant
• Cleantech Acquisition Corp. (company) — Former company name
• January 29, 2025 (date) — Date of report
• March 8, 2021 (date) — Date of name change
• Delaware (jurisdiction) — State of incorporation
• Webster, TX (location) — Principal executive offices

FAQ

Key Financial Figures

• $35 million — ot regained compliance with the minimum $35 million market value of listed securities requi
• $35,434,000 — equity resulting from the exchange was $35,434,000. As previously disclosed by the Compa
• $1.59 — eement, dated as of January 30, 2024 to $1.59. As previously disclosed by the Compa
• $6,646,516 — ng an aggregate offering price of up to $6,646,516 from time to time under the At The Mark
• $6,204,307 — ng an aggregate offering price of up to $6,204,307 from time to time under the Sales Agree
• $7,338,975 — ng an aggregate offering price of up to $7,338,975 from time to time under the Sales Agree
• $30 million — common stock in the aggregate amount of $30 million as registered under the prospectus date
• $28.8 million — 024, with the aggregate net proceeds of $28.8 million after expenses. As a result of the ex
• $2.5 million — ckholders' equity well in excess of the $2.5 million requirement for continued listing pursu

Filing Documents

• kitt-20250129.htm (8-K) — 29KB
• 0001849820-25-000038.txt ( ) — 199KB
• kitt-20250129.xsd (EX-101.SCH) — 2KB
• kitt-20250129_def.xml (EX-101.DEF) — 17KB
• kitt-20250129_lab.xml (EX-101.LAB) — 29KB
• kitt-20250129_pre.xml (EX-101.PRE) — 17KB
• kitt-20250129_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. As previously disclosed by the Company in its filings with the SEC, on August 14, 2024, the Company received a staff determination letter (the "Letter") from the staff of the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it had not regained compliance with the minimum $35 million market value of listed securities requirement for continued listing on The Nasdaq Capital Market as set forth in Listing Rule 5550(b)(2) (the "MVLS Requirement") or any of the alternative requirements in Listing Rule 5550(b), and that the additional delinquency may serve as a separate basis for the delisting of the Company's securities from Nasdaq. The Company timely requested a hearing before a Hearings Panel. On September 18, 2024, the Hearings Panel granted the Company an exception until December 31, 2024 to demonstrate compliance with The Nasdaq Capital Market listing rules. On January 6, 2025, the Hearings Panel further extended the deadline to demonstrate compliance with the listing rules to February 10, 2025. The Company undertook a number of actions to regain compliance with The Nasdaq Capital Market listing rules. As previously disclosed by the Company in its filings with the SEC, the Company entered into the Second Amendment and Exchange Agreement (the "Exchange Agreement"), by and among the Company and certain institutional investors, pursuant to which such investors would exchange the remaining portion of the amount outstanding under the 5% original issue discount senior secured convertible debentures (the "Existing Notes") and certain other amounts outstanding with respect thereto, into shares of Series A preferred convertible stock (the "Series A Preferred Stock"), subject to certain adjustments, in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act. On December 27, 2024, the Company and one institutional investor closed the exchange t

View Full Filing

View this 8-K filing on SEC EDGAR