The company, which trades under the ticker KITT, is currently weighing the proposal against its fiduciary obligations. Directors are considering appointing an independent financial advisor to navigate the transaction, which could lead to significant stock dilution or a potential change in corporate control.
Because the agreement is non-binding, the unnamed strategic investor is under no legal obligation to finalize the funding. The path to closing remains contingent on a rigorous due diligence process and the successful negotiation of definitive legal documents. Nauticus has stated it will provide updates as the evaluation proceeds, though investors were cautioned that there is no guarantee the deal will reach completion.
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