Nauticus Robotics signs non-binding LOI for up to $50 million private placement equity investment
KITT•Nauticus Robotics entered a non-binding letter of intent for a private placement equity investment of up to $50 million. The board is evaluating the financing, which could dilute existing shareholders or trigger a change of control.
1. Financing terms remain open
The board is evaluating the potential financing, including possible engagement of an independent financial adviser. Terms remain subject to due diligence, definitive agreements, approvals and closing conditions.
