Nauticus Robotics, Inc. has entered into a Fifth Amendment to its Senior Secured Term Loan Agreement, extending the maturity date of the loan facility. The amendment was executed between September 15 and September 17, 2026, with a collective effective date of September 17, 2026.
Pursuant to the terms of the amendment, the maturity date of the loan has been extended to January 31, 2028. The agreement was entered into by the Company and the lenders party to the Term Loan Agreement, with ATW Special Situations Management LLC acting as the collateral agent. The amendment follows a series of prior amendments to the loan agreement, including a Fourth Amendment executed on August 12, 2026, which reduced the conversion price to $1.80 for a specific period ending August 13, 2026.
The original Term Loan Agreement, dated September 18, 2023, allows the loans to be converted into shares of the Company’s common stock at an initial conversion price of $6.00. The Fifth Amendment and a related Collateral Agent Acknowledgment and Consent are filed as Exhibits 10.1 and 10.2 to this report.
