The extremely short maturity (Sept 9, 2026) and senior secured structure indicate a distressed capital raise. Traders should watch for further financing announcements, potential default risk, or a dilutive conversion if the stock price approaches $7.60. The stock may face continued pressure from the overhang of this convertible.
Price Chart
Executive Summary
Nauticus Robotics issued a $1.5M senior secured convertible debenture to an institutional investor, convertible into 197,369 shares at $7.60 per share, with a maturity of September 9, 2026. The short-term, secured, and dilutive nature of this financing signals acute cash needs and adds significant financial risk given the company's $6M market cap.
Key Financial Metrics
Key Facts
- $1.5M original issue discount senior secured convertible debenture issued on July 20, 2026
- Conversion price of $7.60 per share, convertible into 197,369 shares of common stock
- Matures on September 9, 2026 — less than 2 months from issuance
- Issued under a November 2024 securities purchase agreement to the same institutional investor
- Note is senior secured, suggesting priority over other creditors
Financial Impact
$1.5M in new debt, representing ~25% of the company's $6M market cap; potential dilution from conversion of up to 197,369 shares (current share count not disclosed)
Risk Factors
- Potential dilution if the note is converted into common stock
- Default risk given the near-term maturity and secured status
- Further equity or debt issuances to meet cash needs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001849820-26-000113 |
| Document: 0001849820-26-000113-index-headers.html | 0001849820-26-000113 |
| Document: 0001849820-26-000113-index.html | 0001849820-26-000113 |
| Document: 0001849820-26-000113.txt | 0001849820-26-000113 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | 8-K | $1.58 $1.52 | ▼ −3.80% | ▼ −4.54% | $1.31 (−17.09%) |
Sep 29, 2026 27d ago | 8-K | $1.86 $1.91 | ▲ +2.69% | ▲ +2.89% | $1.31 (−29.57%) |
Sep 25, 2026 4w ago | 8-K | $2.32 $1.81 | ▼ −21.98% | ▼ −21.24% | $1.31 (−43.53%) |
Sep 23, 2026 4w ago | 8-K | $0.5236 $0.4915 | ▼ −6.13% | ▼ −6.05% | $1.31 (+150.19%) |
Sep 18, 2026 5w ago | 8-K | $0.6387 $0.6163 | ▲ +3.51% | ▲ +5.06% | $1.31 (−105.10%) |
Aug 12, 2026 10w ago | Press Release | $1.03 $0.9128 | ▲ +11.38% | ▲ +11.18% | $1.31 (−27.18%) |
Jul 27, 2026 13w ago | Insider Cluster | $0.7992 $0.8698 | ▼ −8.83% | ▼ −8.59% | $1.31 (−63.91%) |
Jul 21, 2026 14w ago | 8-K | $0.8496 $0.8155 | ▲ +4.01% | ▲ +3.90% | $1.31 (−54.19%) |
Jun 30, 2026 17w ago | 8-K | $1.23 $1.22 | ▼ −0.81% | ▼ −0.68% | $1.31 (+6.50%) |
US Market Status
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