Nauticus Robotics, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Notes Payable (Tables)

Notes Payable (Tables)

12 Months Ended

Dec. 31, 2024

Notes payable consisted of the following:


	December 31, 2024		December 31, 2023
Convertible secured debentures	$	-	$	36,530,320
New Convertible Debentures (fair value)	-		-
November 2024 Debentures (fair value)	2,583,832		-
Convertible senior secured term loan	27,500,383		12,295,000
Total	30,084,215		48,825,320
Less: debt discount, net	(66,478)		(16,593,357)
Less: capitalized debt issuance costs	(1,207,509)		(661,922)
Senior bridge note exit fee provision	125,302		27,608

Total notes payable – long-term	$	28,935,530	$	31,597,649


November 2024 Debentures (principal amount)	$	2,150,000	$	-

Schedule of Long-Term Debt Instruments

Interest expense includes the following relating to the 2023 Term Loan, the December 2023 Incremental Loan, the January 2024 Incremental Loan, 2024 Loans and the May 2024 Incremental Loan (collectively the “convertible senior term loans”):


	Twelve months ended December 31,
		2024		2023
Debt discount amortization		$	40,036	$	18,486
Amortization of debt issuance costs		664,690		52,092
Provision for bridge note exit fee		97,694		27,608

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details