Nauticus Robotics Streamlines Financial Structure with Equity Conversion

An update from Nauticus Robotics ( (KITT) ) is now available.

Nauticus Robotics, Inc. has entered into an Exchange Agreement with institutional investors to convert outstanding debentures into Series A preferred convertible stock. The Series A Preferred Stock, which is non-voting, allows holders to convert their shares into common stock at a fixed conversion price and entitles them to a 5% annual dividend. This move is expected to streamline the company’s financial structure by addressing outstanding debts through equity conversion.

More about Nauticus Robotics

YTD Price Performance: -92.70%

Average Trading Volume: 1,397,151

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $11.41M

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