tiprankstipranks
Nauticus Robotics Restructures Debt for NASDAQ Compliance
Company Announcements

Nauticus Robotics Restructures Debt for NASDAQ Compliance

Stay Ahead of the Market:

The latest announcement is out from Nauticus Robotics ( (KITT) ).

Nauticus Robotics, Inc. has entered into agreements to convert $33 million of debt into equity through a preferred stock exchange, aiming to ease its balance sheet and address NASDAQ compliance issues. This strategic move involves exchanging existing debentures for a new class of convertible preferred stock. Nauticus, a leader in autonomous subsea robotics, focuses on developing technology for ocean industries, enhancing operational efficiency and reducing environmental impact.

See more data about KITT stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles