Nauticus Robotics Secures $250 Million Equity Facility
Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software solutions, has secured a $250 million Equity Line of Credit facility.
This facility will accelerate the company's next phase of growth and innovation, providing flexibility to pursue strategic acquisitions and expand technological capabilities.
Strategic Initiative
Nauticus is launching a strategic initiative to enter the deep-sea rare earth and mineral exploration market, leveraging its advanced robotics, artificial intelligence, and subsea automation technologies.
This initiative is part of the company's broader strategy to support industries essential to the global energy transition.
Nauticus Robotics, Inc. is accelerating growth and innovation with a $250 million Equity Line of Credit facility.
Author's summary: Nauticus Robotics secures $250 million equity facility for growth.