Deepest Subsea Test Completed
Nauticus completed its deepest subsea test to date, successfully operating the Aquanaut system at 2,300 meters water depth in the Gulf of America, demonstrating significant operational advancement.
Increase in Customer Base and Positive Feedback
The company observed an increase in its customer base, with consistent positive feedback and growing interest from both commercial and government sectors.
Successful Integration of Nauticus ToolKITT
Nauticus ToolKITT was successfully integrated and demonstrated on a third-party ROV, opening new opportunities for software licensing and partnership with impressive performance feedback.
Strengthened Financial Position
The company raised additional funds through at-the-market offerings and debt-to-equity conversions, entering Q4 financially stronger with cash increasing from $2.7 million to $5.5 million.
New $250 Million Equity Facility
A new $250 million equity facility was announced, supporting the pursuit of emerging opportunities, particularly in the deep sea mining sector.