Nauticus Robotics has issued a $1.5 million senior secured convertible debenture to an institutional investor. The note is convertible into 197,369 shares of common stock at a conversion price of $7.60 per share and matures on 9 September 2026. The transaction was executed under a securities purchase agreement dated 4 November 2024. The issuance was not registered under the Securities Act, relying on exemptions under Section 4(a)(2) and Rule 506 of Regulation D. The convertible note could result in dilution for existing shareholders if the investor converts. The capital injection may provide operational flexibility for the Webster, Texas-based robotics company, supporting growth initiatives or working capital needs. Nauticus Robotics trades on Nasdaq under the symbols KITT and KITTW for its shares and warrants respectively.

Nauticus Robotics has entered into a $4 million Exchange Agreement with an institutional investor, issuing 4,800 shares of Series C Preferred Stock in exchange for existing debt under a Term Loan Agreement. The transaction closed on 26 June 2026. The investor retains rights to conduct additional debt-for-equity exchanges throughout the agreement's term. The Series C Preferred Stock is convertible into common shares, which the company notes could result in dilution for existing shareholders. The securities were issued under Section 3(a)(9) of the Securities Act without registration, and no commissions were paid. Nauticus Robotics' common stock and warrants remain listed on Nasdaq under tickers KITT and KITTW respectively. The company states it is in compliance with regulatory requirements and has committed to disclosing all material information related to future exchanges.

Nauticus Robotics reported $0.2 million in revenue for Q1 2026, down from the previous quarter and flat year-over-year. The company posted a net loss of $9.3 million, with operating expenses of $5.8 million. Cash reserves fell to $5.9 million from $7.6 million at the end of 2025. Despite challenges, the company advanced fleet readiness, completed ROV system maintenance, and integrated its Nautica's Toolkit to enhance navigation efficiency. Brian Allen joined as Chief Revenue Officer to drive revenue growth, whilst international expansion continues in the UAE and GCC region, though security concerns have slowed progress. Management aims to reduce seasonal revenue swings through software licensing and international expansion. The company expects revenue to improve in Q2 and Q3, targeting cash flow breakeven whilst minimising shareholder dilution.