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AI brief of an SEC Form 8-K · Nauticus Robotics, Inc. (KITT)

Nauticus Robotics amends term loan, cuts conversion price to $1.488 for short period

Neutral Impact 3 of 5 financing Written later

Nauticus Robotics entered a Sixth Amendment to its Senior Secured Term Loan Agreement on September 30, 2026, lowering the conversion price on the loans to $1.488 for the period ending October 2, 2026. The loans were originally convertible at an initial price of $6.00, and the company has repeatedly lowered that price through a series of amendments since October 2025, which changes how many common shares the loans could convert into.

Key points

  • Sixth Amendment dated September 30, 2026 reduces the conversion price to $1.488 for the period ending October 2, 2026
  • Initial conversion price under the term loan was $6.00, subject to adjustment
  • Fifth Amendments, dated as of September 14, 2026, extended the maturity date to January 31, 2028
  • Exhibits 10.1 and 10.2 containing the amendment and collateral agent consent were filed with the report

The filing

CompanyNauticus Robotics, Inc. (KITT)
Form8-K, current report
Filed with the SECOct 1, 2026, 7:11 PM ET
Accession number0001849820-26-000168

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:44 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.