KITT$1.370.00%
Nauticus Robotics, Inc.
Sector: General Industrial Machinery & Equipment, NECIndustry: Aerospace & DefenseCountry: USExchange: Nasdaq
Mkt Cap:$1.71M
Float & O/S:
Inst Own:
DilutionScan read 56 of Nauticus Robotics, Inc.'s SEC filings and found 4 warrant series, 8 convertibles, 1 ATM program, 1 equity line, 2 shelf registrations, 3 S-1 registrations and 7 completed offerings on file for KITT. The latest dilution event on file is a note conversion on Sep 30, 2026. Analysis updated Oct 13, 2026.
Signal8 Summary
KITT
Going-concern warning, severe dilution risk
Snapshot
Nauticus is a tiny subsea-robotics company that still loses far more than it makes. FY 2025 revenue was $5.3M against a $40.8M net loss, and the company burned $24.0M in free cash flow with only $1.4M in cash on hand.
What's Happening Right Now
- : Nauticus signed a non-binding letter of intent for up to $50M in private placement funding that could significantly dilute shareholders or trigger a change of control.
- : Nauticus completed a 1-for-6 reverse stock split effective Sept 24, 2026, its fourth split-related charter amendment, explicitly to meet Nasdaq's minimum bid price requirement.
- : A prospectus filing disclosed auditors expressed substantial doubt about Nauticus's ability to continue as a going concern, with just $1.4M in cash against a $344.3M accumulated deficit, plus a material weakness in internal controls.
- : Q2 2026 revenue fell 57% YoY to $886K, net loss widened to $11.1M, shares outstanding nearly doubled in six months, and the 10-Q carried explicit going-concern language.
- : Nauticus cut its term loan conversion price for the fourth time since October 2025, down to $1.80, a repeated pattern signaling ongoing dilution pressure and balance-sheet strain.
