Nauticus Robotics has successfully increased its stockholders' equity by $35.4 million through a series of strategic transactions to regain Nasdaq compliance. The company exchanged existing convertible debentures for Series A Preferred Stock, issuing 35,434 preferred shares to institutional investors in December 2024. These shares are convertible into common stock with a 9.9% ownership cap.The company has also been active in the equity markets, reducing its loan conversion price to $1.59 and executing an At The Market offering agreement with H.C. Wainwright & Co. Since May 2024, the company has raised $28.8 million in net proceeds through common stock offerings totaling $30 million.These actions have positioned Nauticus to exceed the $2.5 million stockholders' equity requirement for continued Nasdaq listing, addressing the previous non-compliance with the $35 million market value requirement. The Nasdaq Hearings Panel had extended the compliance deadline to February 10, 2025.

Nauticus Robotics has successfully increased its stockholders' equity by $35.4 million through a series of strategic transactions to regain Nasdaq compliance. The company exchanged existing convertible debentures for Series A Preferred Stock, issuing 35,434 preferred shares to institutional investors in December 2024. These shares are convertible into common stock with a 9.9% ownership cap.The company has also been active in the equity markets, reducing its loan conversion price to $1.59 and executing an At The Market offering agreement with H.C. Wainwright & Co. Since May 2024, the company has raised $28.8 million in net proceeds through common stock offerings totaling $30 million.These actions have positioned Nauticus to exceed the $2.5 million stockholders' equity requirement for continued Nasdaq listing, addressing the previous non-compliance with the $35 million market value requirement. The Nasdaq Hearings Panel had extended the compliance deadline to February 10, 2025.