Nauticus Robotics has updated its at-market offering agreement with H.C. Wainwright & Co., allowing the sale of up to $6,646,516 in common stock. From May to January, the company sold 1,406,424 shares (post-reverse split) for gross proceeds of $9.9 million and net proceeds of $9.4 million.As of January 6, 2025, shares with an aggregate offering price of $6.6 million remain available for sale. The stock will be sold at market prices through Wainwright as agent or principal, with a 3% commission. Nauticus intends to use the net proceeds for working capital and general corporate purposes.The offering highlights Nauticus' financial challenges as an early-stage company with limited sales history. The company warns of substantial doubt about its ability to continue as a going concern, citing the need for additional capital to fund operations and product development. Nauticus cautions investors about potential dilution and risks associated with its business.

Nauticus Robotics has updated its at-market offering agreement with H.C. Wainwright & Co., allowing the sale of up to $6,646,516 in common stock. From May to January, the company sold 1,406,424 shares (post-reverse split) for gross proceeds of $9.9 million and net proceeds of $9.4 million.As of January 6, 2025, shares with an aggregate offering price of $6.6 million remain available for sale. The stock will be sold at market prices through Wainwright as agent or principal, with a 3% commission. Nauticus intends to use the net proceeds for working capital and general corporate purposes.The offering highlights Nauticus' financial challenges as an early-stage company with limited sales history. The company warns of substantial doubt about its ability to continue as a going concern, citing the need for additional capital to fund operations and product development. Nauticus cautions investors about potential dilution and risks associated with its business.