Nauticus Robotics Completes $2M Debt-to-Equity Exchange, Secures $50M Investment Agreement
Nauticus Robotics has completed a $2 million debt-to-equity exchange and secured a $50 million investment agreement. The strategic funding will aid in establishing an offshore manufacturing and service center in the UAE.
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On March 27, Nauticus Robotics, Inc. executed a $2 million exchange of a senior secured convertible note for 2,023 Series C convertible preferred shares. This exchange is part of amendments permitting certain investors to convert notes into preferred stock under the Securities Act of 1933.
Additionally, a strategic investment agreement with Master Investment Group allows for up to $50 million, with an initial $3 million allocated for an offshore facility in the UAE. As part of this transaction, a $1 million convertible note was also issued, which matures in September 2026. The recent financial maneuvers position Nauticus Robotics for operational expansion in international markets, although reliance on convertible notes could affect future capital structure.
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