Nauticus Robotics, Inc. Signs Non-Binding Letter of Intent for Strategic Investment of Up to $50 Million
Nauticus Robotics announced a non-binding letter of intent with a strategic investor for a contemplated private placement equity investment of up to $50 million. The LOI is non-binding, subject to due diligence and definitive agreements, and could result in dilution to existing stockholders or a change of control depending on final terms.