Nauticus Robotics converts $3.7M debt to equity

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Go back to Nauticus Robotics converts $3.7M debt to equity

Nauticus Robotics Improves Balance Sheet Through Converting $3.7M Debt to Equity

October 27, 2025 9:05 AM EDT

HOUSTON, Oct. 27, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software solutions, today announced that it has entered into an agreement with existing debtholders to convert $3.7M of debt into common equity. The company anticipates that this conversion will allow it to substantially deleverage the balance sheet. Additionally, if required, existing debtholders have agreed to exchange outstanding debt into... More