Nauticus Robotics, Inc. Announces Exchange Agreement To Reduce A Large Portion Of Its Debt And Increase Stockholders' Equity

Nauticus Robotics Inc NASDAQ:KITT:

• NAUTICUS ROBOTICS, INC. ANNOUNCES EXCHANGE AGREEMENT TO REDUCE A LARGE PORTION OF ITS DEBT AND INCREASE STOCKHOLDERS' EQUITY

• NAUTICUS ROBOTICS - LENDER CONVERTS $4 MILLION OF DEBT INTO 4800 SERIES C CONVERTIBLE PREFERRED SHARES