Monitor for similar waivers from other preferred holders and watch for any restructuring or refinancing efforts before the January 31, 2027 deadline to address the outstanding preferred shares.
Price Chart
Executive Summary
Nauticus Robotics obtained a waiver from a Series A preferred stock holder, extending the deadline for outstanding preferred shares from September 30, 2026 to January 31, 2027, thereby avoiding an immediate triggering event that would have increased the dividend rate to 18% and allowed conversion at a 125% premium. The waiver provides temporary relief from default terms but does not resolve the underlying capital structure issue, as the preferred shares remain outstanding and the triggering event consequences will apply prospectively after January 31, 2027 if shares are still outstanding.
Key Facts
- Waiver extends the Series A preferred stock triggering event deadline from September 30, 2026 to January 31, 2027
- Waiver prevents dividend rate increase to 18% per annum and the 125% conversion premium during the waiver period
- Existing 120% conversion amount and ordinary conversion rights remain unaffected
- All other Series A, Series B, and Series C preferred holders are expected to sign substantially similar waivers with periods ending no earlier than January 31, 2027
- The waiver does not waive any other triggering events, breaches, or defaults
Financial Impact
Avoids immediate default-rate dividend increase (18% per annum) and 125% conversion premium on outstanding Series A preferred shares; no dollar amounts disclosed
Risk Factors
- If preferred shares remain outstanding after January 31, 2027, the triggering event consequences (18% dividend rate, 125% conversion premium) will apply prospectively
- The waiver provides only temporary relief and does not address the underlying capital structure issue of outstanding preferred shares
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001849820-26-000163 |
| Document: septembe_302026triggerin.htm | 0001849820-26-000163 |
| Document: 0001849820-26-000163-index-headers.html | 0001849820-26-000163 |
| Document: 0001849820-26-000163-index.html | 0001849820-26-000163 |
| Document: 0001849820-26-000163.txt | 0001849820-26-000163 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 26d ago | 8-K | $1.58 $1.52 | ▼ −3.80% | ▼ −4.54% | $1.39 (−12.03%) |
Sep 29, 2026 28d ago | 8-K | $1.86 $1.91 | ▲ +2.69% | ▲ +2.89% | $1.39 (−25.27%) |
Sep 25, 2026 4w ago | 8-K | $2.32 $1.81 | ▼ −21.98% | ▼ −21.24% | $1.39 (−40.09%) |
Sep 23, 2026 4w ago | 8-K | $0.5236 $0.4915 | ▼ −6.13% | ▼ −6.05% | $1.39 (+165.47%) |
Sep 18, 2026 5w ago | 8-K | $0.6387 $0.6163 | ▲ +3.51% | ▲ +5.06% | $1.39 (−117.63%) |
Aug 12, 2026 10w ago | Press Release | $1.03 $0.9128 | ▲ +11.38% | ▲ +11.18% | $1.39 (−34.95%) |
Jul 27, 2026 13w ago | Insider Cluster | $0.7992 $0.8698 | ▼ −8.83% | ▼ −8.59% | $1.39 (−73.92%) |
Jul 21, 2026 14w ago | 8-K | $0.8496 $0.8155 | ▲ +4.01% | ▲ +3.90% | $1.39 (−63.61%) |
Jun 30, 2026 17w ago | 8-K | $1.23 $1.22 | ▼ −0.81% | ▼ −0.68% | $1.39 (+13.01%) |
US Market Status
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