1 unchanged sentence
Our Common Stock is quoted on The Nasdaq Capital Market under the symbol “KITT.” Our redeemable warrants are quoted on The Nasdaq Capital Market under the symbol “KITTW.”
−Removed: As of the date of this report, there are approximately 37 shareholders of record of our common stock based upon our transfer agent’s report.
+Added: As of the date of this Annual Report, there are approximately 38 shareholders of record of our Common Stock based upon our transfer agent’s report.
Because many of our shares of Common Stock are held by brokers and other nominees on behalf of shareholders, including in trust, we are unable to estimate the total number of shareholders represented by these record holders.
8 unchanged sentences
At December 31, 2024, 258,424 equity units were available for future grants under the Omnibus Incentive Plan.
−Removed: At the Closing Date of the Business Combination, Nauticus Robotics Holdings had 279,464 options outstanding for the purchase of its common stock.
−Removed: The outstanding options were converted into 3,970,266 options to purchase shares of our Common Stock.
+Added: At December 31, 2024, there were 19,439 options outstanding for the purchase of Company Common Stock.
Outstanding options vest assuming continuous service to the Company with 25% of the options vesting one year after grant and the balance vesting in a series of 36 successive equal monthly installments measured from the first anniversary of the grant.
1 unchanged sentence
Unvested options are forfeited upon termination of employment.
−Removed: At December 31, 2023, there were 3,011,247 options outstanding for the purchase of Company common stock.
−Removed: Refer to Note 13 to the consolidated financial statements included in this annual report for additional information relating to outstanding options.
+Added: Refer to Note 13 - Stock-Based Compensation to the consolidated financial statements included in this annual report for additional information relating to outstanding options.
At December 31, 2024, there were 317,064 restricted stock units outstanding for the right to receive one share of Company Common Stock.
−Removed: Refer to Note 13 to the consolidated financial statements included in this annual report for additional information relating to restricted stock units.
+Added: Refer to Note 13 - Stock-Based Compensation to the consolidated financial statements included in this annual report for additional information relating to restricted stock units.
Recent Sales of Unregistered Securities
−Removed: We sold $700,000 of our equity securities within the fourth quarter of the fiscal year covered by the report.
+Added: During the year ended December 31, 2024, we did not have any sales of equity securities that were not registered under the Securities Act of 1933, as amended, that have not been reported on Form 8-K or Form 10-Q.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
We made no purchases of our equity securities within the fourth quarter of the fiscal year covered by the report.
−Removed: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.