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Nauticus Robotics Enters Agreement To Convert $3.7M Debt Into Common Equity

Author: Benzinga Newsdesk | October 27, 2025 08:08am

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 preferred equity with the intention to bring the company in compliance with previously reported NASDAQ issues.

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