Business Context and Reporting Period
This Form 8-K Current Report was filed by Nauticus Robotics, Inc. on May 20, 2024. The Company is an emerging growth company incorporated in Delaware, with its principal executive offices in Webster, Texas. Its common stock (KITT) and warrants (KITTW) are listed on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on a corporate transaction.
Material Changes
On May 20, 2024, the Company entered into an At-the-Market Offering Agreement with H.C. Wainwright & Co., LLC. Under this agreement, the Company may issue and sell shares of its common stock through an at-the-market offering. The Company is obligated to pay a broker fee of 3% of the gross sales price of shares sold, in addition to the costs and expenses of H.C. Wainwright.
Guidance, Outlook, and Risks
The filing does not provide specific financial guidance, management commentary on future performance, or a discussion of risks beyond the standard terms of the offering agreement. A prospectus supplement describing the terms of the offering was filed contemporaneously with this report.
Investor Verification Checklist
- Verify the terms of the At-the-Market Offering Agreement attached as Exhibit 10.1.
- Review the filed prospectus supplement for details on the offering structure.
- Monitor future filings for actual share issuances and proceeds generated under the agreement.
- Check the Company's most recent 10-K or 10-Q for current liquidity and debt positions, as this 8-K does not provide them.