Nauticus Robotics (KITT) Stock on December 10, 2025: Debt Swap, Delisting Risk and High‑Beta Deep‑Sea Ambitions
Nauticus Robotics exchanged portions of its secured debt for 3,814 shares of new Series C Convertible Preferred Stock with institutional investors on December 3, 2025. The move comes as KITT trades near $1.06–$1.21 per share, with a market cap around $12–16 million and extreme volatility. The company faces a Nasdaq listing deficiency and is attempting to clean up its balance sheet.