Nauticus Robotics obtains waivers of September 30, 2026 preferred stock triggering event
Nauticus Robotics received two waivers from a single holder of its Series B and Series C Convertible Preferred Stock covering a Triggering Event tied to preferred shares remaining outstanding on or after September 30, 2026. The waivers run through March 31, 2027, and waive the default 18% dividend rate, incremental dividends, and the Triggering Event Conversion with its 125% multiplier, for that period only.
Key points
- Waivers were executed by one holder on September 30, 2026, covering Series B and Series C Preferred Stock separately.
- Waiver Period runs from September 30, 2026 through March 31, 2027.
- Waived the increase to an 18% per annum default dividend rate and the 125% Conversion Amount multiplier, but not the existing 120% calculation.
- Waivers bind only the signing holder; the filing does not waive other triggering events, breaches, or defaults.
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.