Nauticus Robotics: Sixth amendment lowers conversion price to $1.488

What happened

• Nauticus Robotics reported that it entered into separate Sixth Amendments to its Senior Secured Term Loan Agreement on Sep 30, 2026, including a Collateral Agent Acknowledgment and Consent, pursuant to which the conversion price was reduced to $1.488 for the period ending Oct 2, 2026.
• The filing notes the Term Loan Agreement originally dated Sep 18, 2023 set an initial conversion price of $6.00 and lists prior amendments that reduced the conversion price at various times in 2025 and 2026 and extended the loan maturity to Jan 31, 2028.

Key details

• Conversion price under the Term Loan Agreement reduced to $1.488 for the period ending Oct 2, 2026.
• Sixth Amendments and the Consent were entered into on Sep 30, 2026.
• Prior conversion price changes: $1.76 on Oct 25, 2025 (period ending Nov 7, 2025); $2.20 on May 11, 2026 (period ending May 21, 2026); $1.80 on Jun 1, 2026 (period ending Jun 15, 2026); $1.80 on Aug 12, 2026 (period ending Aug 13, 2026).
• Fifth Amendments dated Sep 14, 2026 extended the Term Loan Agreement maturity to Jan 31, 2028.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) describing the Sixth Amendment to the Term Loan Agreement and Item 2.03 (creation of a direct financial obligation) related to the convertible loans under that agreement. A filing does not show why the insider traded or why the company acted.