# Nauticus files for convertible preferred stock offering with 10% dividend

_Published Thursday, November 12, 2026 at 6:19 PM EST · Robotics · Latest · Tier 2 — Notable_

Nauticus Robotics filed a registration statement on November 12 for a proposed offering of Series E convertible preferred stock carrying a cumulative annual dividend of 10%. Holders would be able to convert the preferred shares into common stock, subject to limitations.

The proposed terms require a fully funded cash reserve covering at least two years of dividends before the second anniversary of issuance. Nauticus has applied to list the shares on Nasdaq as KITTP, with listing a condition of issuance. The preliminary prospectus leaves the offering size and price blank, and sales cannot begin before the registration becomes effective.

## Sources

- [SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1849820/000121390026118997/ea0311760-s1_nauticus.htm)

---
Canonical: https://techandbusiness.org/newswire/T2tXNQxQQ_rEw47cpWfgEY
Published: 2026-11-12T23:19:29.138Z
Story chronology: 2026-11-12T12:00:00.000Z
Retrieved: 2026-11-13T03:04:38.689Z
Publisher: Tech & Business (techandbusiness.org)