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Benzinga
Benzinga
Business
Triveni Kothapalli

Nauticus Robotics Converts Debt To Stock And Scores $250 Million Boost For Growth

Nauticus Kitt Nasdaq
Rare earth minerals

Nauticus Robotics, Inc. (NASDAQ:KITT) said on Monday it has entered into an agreement with existing debtholders to convert about $3.7 million of debt into common equity, a move aimed at reducing leverage.

The company’s shares have surged strongly following the announcement.

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