Nauticus Robotics obtains $250M equity facility for deep-sea rare earth sector

Nauticus Robotics (KITT) has secured a $250M Equity Line of Credit facility to accelerate its next phase of growth and innovation. The facility will provide Nauticus with the flexibility to pursue strategic acquisitions that expand its technological capabilities and position the company to enter the rapidly emerging market for deep-sea rare earth and mineral exploration. Nauticus intends to identify and acquire businesses and technologies that complement its autonomous systems portfolio and support responsible exploration of rare earth elements and other critical minerals found in ultra-deepwater environments. The company anticipates providing updates on prospective acquisition targets and strategic partnerships as it advances toward enabling autonomous, data-driven exploration of the ocean’s rare mineral resources.