Nauticus Robotics extends senior secured term loan maturity to Jan. 31, 2028 under fifth amendment
Bitget2026/09/18 13:06- Nauticus Robotics amended its senior secured term loan agreement with its lenders, extending the maturity date to Jan. 31, 2028.
- The changes were implemented through separate fifth amendments dated Sept. 14, 2026, with effectiveness conditions met Sept. 17, 2026.
- The term loan is convertible into common stock, with an initial conversion price of $6 subject to adjustment.
- Prior amendments temporarily cut the conversion price to $1.76, $2.2, or $1.8 during specified periods in 2025-2026.
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