Nauticus Robotics reported a net loss of $11.36 million for Q3 2024, compared to a $17.68 million loss in Q3 2023. Revenue figures were not disclosed. The company's diluted loss per share improved to $4.24 from $15.46 year-over-year. Stock-based compensation expense for Q3 2024 totaled $532,539, down from $917,993 in the same period last year.Nauticus entered into significant financial transactions post-quarter end. On November 4, 2024, the company signed exchange agreements with institutional investors to convert $33.31 million of existing convertible debentures into Series A preferred convertible stock. This restructuring aims to improve the company's balance sheet and capital structure.Additionally, Nauticus secured a new financing agreement on November 4, 2024. The company entered into a Securities Purchase Agreement for $1.15 million in principal amount of new convertible debentures, with an option to increase this to $21.15 million. These November 2024 Debentures have a conversion price of $1.23 per share, subject to adjustments, and mature on September 9, 2026. This new financing is expected to provide additional working capital for Nauticus' operations and growth initiatives.

Nauticus Robotics reported a net loss of $11.36 million for Q3 2024, compared to a $17.68 million loss in Q3 2023. Revenue figures were not disclosed. The company's diluted loss per share improved to $4.24 from $15.46 year-over-year. Stock-based compensation expense for Q3 2024 totaled $532,539, down from $917,993 in the same period last year.Nauticus entered into significant financial transactions post-quarter end. On November 4, 2024, the company signed exchange agreements with institutional investors to convert $33.31 million of existing convertible debentures into Series A preferred convertible stock. This restructuring aims to improve the company's balance sheet and capital structure.Additionally, Nauticus secured a new financing agreement on November 4, 2024. The company entered into a Securities Purchase Agreement for $1.15 million in principal amount of new convertible debentures, with an option to increase this to $21.15 million. These November 2024 Debentures have a conversion price of $1.23 per share, subject to adjustments, and mature on September 9, 2026. This new financing is expected to provide additional working capital for Nauticus' operations and growth initiatives.