Nauticus Robotics converts $3.7M debt to equity, improves balance sheet.
ByAinvest
Monday, Oct 27, 2025 9:04 am ET1min read
KITT--
Nauticus Robotics has converted $3.7M of debt into common equity, aiming to substantially deleverage its balance sheet. Existing debtholders have agreed to exchange outstanding debt into preferred equity, if needed, to bring the company in compliance with NASDAQ issues. This move is expected to improve the company's financial position.
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