Corporate ActionJul 9, 2026, 06:07 AM
Nauticus Robotics Establishes Series D Convertible Preferred Stock
AI Summary
Nauticus Robotics, Inc. announced the establishment of its Series D Convertible Preferred Stock by filing a Certificate of Designations with the State of Delaware on July 6, 2026. This action formalizes the terms of a previously disclosed Securities Purchase Agreement from February 6, 2026. The Series D Preferred Stock, consisting of up to 50,000 shares, has a stated value of $1,000 per share, cumulative dividends of 10% per annum, and includes conversion rights into common stock, liquidation preferences, redemption, and voting rights.
Key Highlights
- Nauticus Robotics filed a Certificate of Designations for Series D Convertible Preferred Stock on July 6, 2026.
- The new series consists of up to 50,000 shares of Series D Preferred Stock.
- Each share has a stated value of $1,000.
- The Series D Preferred Stock carries cumulative dividends at a rate of 10% per annum.
- It includes conversion rights into common stock, subject to Nasdaq approval.
- The stock also features liquidation preferences, redemption, and voting rights.
- This filing implements terms of a Securities Purchase Agreement from February 6, 2026.
Price Impact
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