Nauticus Robotics cuts term loan conversion price to $1.8 through Aug. 13 under fourth amendment
KITT•Fourth amendment lowers conversion price
Nauticus Robotics entered a Fourth Amendment to its senior secured term loan agreement with its lenders on Aug. 12, 2026.
The amendment cuts the loans’ conversion price to $1.8 through Aug. 13, 2026.
The term loan is convertible into common stock, subject to adjustments under the agreement.
ATW Special Situations Management serves as collateral agent under the facility.
