Nauticus Robotics, Inc. (NASDAQ: KITT) announced on September 25, 2026, that it has entered into a non-binding letter of intent (LOI) with a strategic investor. The investor is contemplating a private placement equity investment of up to $50 million in the company.
The filing states that the investment is intended to support Nauticus Robotics' short- and long-term commercial objectives. The terms of the LOI are non-binding, meaning the investor is not currently obligated to provide funding. The proposed transaction remains subject to several conditions, including the completion of due diligence, the negotiation and execution of definitive agreements, applicable approvals, and the satisfaction of any closing conditions.
The company’s Board of Directors is evaluating the material transaction consistent with its fiduciary duties and is considering the engagement of an independent financial advisor to assist in this evaluation. The filing notes that depending on the final terms, the investment could result in dilution to existing stockholders and/or a change of control of the company. There is no assurance that definitive agreements will be entered into or that the transaction will be completed on the terms currently contemplated, or at all.
Nauticus Robotics develops autonomous subsea robotic systems and autonomy software. The company’s business model includes providing robotic systems for service, selling vehicles and components, and licensing software to both commercial and defense sectors.
