Nauticus Robotics (KITT) Registration filing summary

Company overview and business model

• Specializes in advanced fully electric autonomous robotic solutions for subsea applications, including AUVs, ROVs, manipulators, and a platform-agnostic operating system for commercial and defense sectors.

• Primary markets are oil and gas operations and defense, with additional focus on renewables, telecom, aquaculture, port security, research, and mining.

• Completed first successful survey with its Aquanaut® autonomous subsea vehicle in Q4 2024.

Financial performance and metrics

• As of March 31, 2026, held $5.3 million in cash and cash equivalents and had an accumulated deficit of $332.9 million.

• History of recurring net losses and negative cash flows from operations; early stage of commercialization.

• Independent auditor expressed substantial doubt about ability to continue as a going concern.

Use of proceeds and capital allocation

• May receive up to $250 million in gross proceeds from sales of common stock to the selling stockholder under the Facility Agreement.

• Net proceeds intended for working capital and general corporate purposes, with broad discretion on allocation.