Extends term loan maturity to January 2028, waives defaults

What did Nauticus Robotics, Inc. announce?

Nauticus Robotics amended its senior secured term loan to push the maturity to January 31, 2028 from September 18, 2026 and waive defaults tied to the old maturity triggers, with no extension fee.

Key details

• Maturity Date amended and restated to January 31, 2028, replacing the September 18, 2026 third-anniversary date; the alternative maturity triggers in clauses (b) and (c) of the loan's opening paragraph were eliminated.
• Lender waived any Default or Event of Default arising solely from the prior maturity date or triggers; all other existing and future defaults are expressly not waived.
• No consent fee, extension fee or other consideration is payable now, but the Exit Fees remain due in full at the amended maturity or when all obligations are repaid.
• The loan's conversion price has been reset repeatedly from an initial $6.00: to $1.76 (Oct 2025), $2.20 (May 2026), $1.80 (June 2026) and $1.80 (Aug 2026).

Why it matters

This 8-K reports a financing at Nauticus Robotics, Inc.. The likely share-price reaction reads as positive.

More from Nauticus Robotics, Inc.

• 8-K

  Sep 10, 2026
  Holder extends maturity date of $3.985M convertible debentures to Sep 2027

All Nauticus Robotics, Inc. SEC filings →