Nauticus Robotics waiver defers Series A preferred triggering event to January 31, 2027
Nauticus Robotics obtained a waiver from one holder of its Series A Convertible Preferred Stock covering a triggering event that would otherwise arise because Series A shares remain outstanding on or after September 30, 2026. The waiver covers the period through January 31, 2027, and suspends an increased 18% dividend rate, incremental dividends, and a 125% conversion multiplier for that holder. The waiver is limited to that holder and does not affect other triggering events or the company's other preferred stock holders.
Key points
- Waiver received September 30, 2026 from one Series A Convertible Preferred Stock holder
- Waiver Period runs from September 30, 2026 through January 31, 2027
- Waived default dividend rate of 18% per annum and the 125% Conversion Amount multiplier for the period, to the extent tied to the Specified Event
- Waivers from other Series A, Series B and Series C holders are expected to contain substantially similar language with periods ending no earlier than January 31, 2027
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.