Nauticus Robotics Converts $3.7 Million Debt to Equity

Reuters
2025.12.08 11:25
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Nauticus Robotics, Inc. has converted $3.7 million of debt to equity, enhancing shareholder equity and meeting Nasdaq listing requirements. The conversion price was temporarily lowered to $1.76. Additionally, $1.15 million of debt was converted under secured convertible debentures. This move aims to strengthen the company's financial position.