Loan & DebtJun 3, 2026, 06:07 AM
Nauticus Robotics Amends Term Loan, Reduces Conversion Price to $1.80
AI Summary
Nauticus Robotics, Inc. entered into a Third Amendment to its Senior Secured Term Loan Agreement on June 1, 2026. This amendment reduces the conversion price of loans into common stock to $1.80 per share, effective until June 15, 2026. This follows previous amendments on October 25, 2025, and May 11, 2026, which also adjusted the conversion price from the initial $6.00. The company continues to manage its convertible debt obligations through these adjustments.
Key Highlights
- Nauticus Robotics entered a Third Amendment to its Term Loan Agreement on June 1, 2026.
- The conversion price for loans into common stock was reduced to $1.80 per share.
- This $1.80 conversion price is effective for the period ending on June 15, 2026.
- A Second Amendment on May 11, 2026, had set the conversion price at $2.20 until May 21, 2026.
- An earlier amendment on October 25, 2025, set the price at $1.76 until November 7, 2025.
- The initial conversion price was $6.00 as of September 18, 2023.
Price Impact
More from KITT