Nauticus Robotics cuts term loan conversion price to $1.488 through Oct. 2
KITT•Nauticus Robotics amended its senior secured term loan agreements, reducing the conversion price to $1.488 through Oct. 2, 2026. The loans remain convertible into common stock and originally had a $6.00 conversion price.
1. Loan amendments
Nauticus Robotics entered into Sixth Amendments with each lender on Sept. 30, 2026, cutting the term loan conversion price to $1.488 through Oct. 2. Earlier amendments had temporarily lowered the price to as little as $1.80 and extended the loan maturity to Jan. 31, 2028.
