Nauticus Robotics extends senior secured term loan maturity to Jan. 31, 2028 under fifth amendment
KITT•Term loan maturity extended through fifth amendments
Nauticus Robotics amended its senior secured term loan agreement with its lenders, extending the maturity date to Jan. 31, 2028.
The changes were implemented through separate fifth amendments dated Sept. 14, 2026, with effectiveness conditions met Sept. 17, 2026.
The term loan is convertible into common stock, with an initial conversion price of $6 subject to adjustment.
Prior amendments temporarily cut the conversion price to $1.76, $2.2, or $1.8 during specified periods in 2025-2026.
