Monitor for any additional waivers from other holders or any amendment to the Certificate of Designations. The company still has Series C Preferred Stock outstanding after the waiver period, and the Specified Event will apply after December 31, 2027.
Price Chart
Executive Summary
Nauticus Robotics received a waiver from a Series C Convertible Preferred Stock holder, waiving a Triggering Event that would occur if any Series C shares remain outstanding after September 30, 2026. The waiver extends through December 31, 2027, and prevents a default dividend rate increase to 18% and a 25% conversion premium. This avoids an immediate liquidity event and provides near-term financial flexibility.
Key Facts
- Waiver of Series C Preferred Stock Triggering Event (Specified Event) for period from September 30, 2026 through December 31, 2027
- Waives default dividend rate increase to 18% per annum and 125% conversion multiplier (25% premium)
- Existing 120% Conversion Amount calculation, ordinary conversion rights, and Alternate Optional Conversion rights preserved
- Waiver applies only to this holder only and does not bind other holders
- Specified Event consequences apply prospectively after December 31, 2027 if shares remain outstanding
Financial Impact
Avoids potential incremental dividends and conversion premium of 25% on Series C Preferred Stock; no specific dollar amounts stated
Risk Factors
- Other holders may not waive, and the Specified Event will apply after December 31, 2027 if shares remain outstanding
- relatedTickers: [
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001849820-26-000155 |
| Document: seriescwaiverr.htm | 0001849820-26-000155 |
| Document: 0001849820-26-000155-index-headers.html | 0001849820-26-000155 |
| Document: 0001849820-26-000155-index.html | 0001849820-26-000155 |
| Document: 0001849820-26-000155.txt | 0001849820-26-000155 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 26d ago | 8-K | $1.58 $1.52 | ▼ −3.80% | ▼ −4.54% | $1.33 (−16.14%) |
Sep 29, 2026 28d ago | 8-K | $1.86 $1.91 | ▲ +2.69% | ▲ +2.89% | $1.33 (−28.76%) |
Sep 25, 2026 4w ago | 8-K | $2.32 $1.81 | ▼ −21.98% | ▼ −21.24% | $1.33 (−42.89%) |
Sep 23, 2026 4w ago | 8-K | $0.5236 $0.4915 | ▼ −6.13% | ▼ −6.05% | $1.33 (+153.06%) |
Sep 18, 2026 5w ago | 8-K | $0.6387 $0.6163 | ▲ +3.51% | ▲ +5.06% | $1.33 (−107.45%) |
Aug 12, 2026 10w ago | Press Release | $1.03 $0.9128 | ▲ +11.38% | ▲ +11.18% | $1.33 (−28.64%) |
Jul 27, 2026 13w ago | Insider Cluster | $0.7992 $0.8698 | ▼ −8.83% | ▼ −8.59% | $1.33 (−65.79%) |
Jul 21, 2026 14w ago | 8-K | $0.8496 $0.8155 | ▲ +4.01% | ▲ +3.90% | $1.33 (−55.96%) |
Jun 30, 2026 17w ago | 8-K | $1.23 $1.22 | ▼ −0.81% | ▼ −0.68% | $1.33 (+7.72%) |
US Market Status
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