10/28/2025 | Press release | Distributed by Public on 10/29/2025 04:02
Global law firm Norton Rose Fulbright advised Nauticus Robotics, Inc. (Nasdaq: KITT), a developer of autonomous subsea robotics and software, in two transactions that strengthened the company's financial position to support its capital structure and its new strategy of expansion into deep-sea mineral exploration.
As announced on October 27, 2025, Nauticus entered into an equity line of credit facility of up to US$250 million that will be used to fund strategic acquisitions that will accelerate its entry into the emerging market for deep-sea rare Earth and mineral exploration. The company closed a second deal on October 27, 2025, which converted US$3.7 million of debt into common equity with existing debtholders to improve its balance sheet.
These efforts reflect Nauticus' broader strategy to apply its robotics, AI and subsea automation technologies across industries driving the global energy transition. The company plans to acquire businesses and technologies that complement its autonomous systems portfolio and support responsible exploration of rare earth elements and other critical minerals found in ultra-deepwater environments.
Norton Rose Fulbright's deal team was led by Amelia Zhang (Houston) and Brandon Byrne (Dallas) and included Juan Velasquez, Maizey MabrySmith (Houston) and Siyi Zhu (New York).