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Nauticus Robotics Inc
17146 Feathercraft Lane, Suite 450
Phone: (281) 942-9069p:281 942-9069 WEBSTER, TX  77598  United States Ticker: KITTKITT
On March 13, 2025, the audit committee of the board of directors of Nauticus Robotics, Inc., after discussion with management, concluded that the company’s previously issued unaudited condensed consolidated financial statements and related footnote disclosures for (i) the three months ended March 31, 2024, (ii) the three and six months ended June 30, 2024 and (iii) the three and nine months ended September 30, 2024, should no longer be relied upon. The accounting matter relates to the incorrect accounting treatment for debt accounting related to the January 30, 2024 transaction whereby the then existing 5% original issue discount senior secured convertible debentures were exchanged for a new original issue discount exchanged senior secured convertible debenture due September 9, 2026. The company previously used debt modification accounting for this transaction but it has since been determined that extinguishment accounting should have been used.
Business Summary
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Its business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. It has designed and is testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. It also develops a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Its services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure. Its products include Aquanaut, Autonomous Solutions, Government Solutions, Olympic Arms, and toolKITT software.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202412/31/2023YesYes-Yes-

Industries
SIC Code Description
3569 General industrial machinery and equipment, not elsewhere classified
7372 Prepackaged software

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President, Interim Chief Executive Officer, Director John W.Gibson 64 1/4/2024 1/1/2022
Interim Chief Financial Officer and Principal Financial Officer VictoriaHay 40 12/1/2023 12/1/2023
Chief Technology Officer JohnYamokoski 45 8/1/2022 8/1/2022
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Seatrepid International, LLC 23083 US Highway 190 Robert LA United States

Business Names
Business Name
CLAQ
CLAQU
KITT
Nauticus Robotics Holdings, Inc.
Nauticus Robotics International LTD.
Seatrepid International, LLC

General Information
Number of Employees: 72 (As of 12/31/2023)
Outstanding Shares: 6,407,475 (As of 11/11/2024)
Shareholders: 37
Stock Exchange: NASD
Federal Tax Id: 851699753
Fax Number: (302) 636-5454


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Tuesday, April 15, 2025