Nauticus Robotics (NASDAQ: KITT) announced on October 27, 2025, that it has entered into an agreement to convert $3.7 million of its existing debt into common equity, a move aimed at substantially deleveraging its balance sheet. Additionally, the company has secured a $250 million equity line of credit to support growth initiatives, including expansion into deep-sea rare earth mineral exploration using its autonomous subsea robotics technology. The debt-to-equity conversion and the equity facility are part of Nauticus' strategy to improve financial stability, reduce leverage, and address previous NASDAQ listing issues. The company also announced receipt of a Nasdaq delisting notification due to non-compliance with the minimum market value requirement of $35 million, but it plans to request a hearing and believes it can regain compliance. The stock rose by 23% following the announcement, reaching $2.17, with trading volumes spiking. The company’s efforts include potential preferred equity exchanges to meet NASDAQ standards, although these could result in shareholder dilution. Nauticus continues to develop and test autonomous underwater vehicles, aiming to reduce operational costs, gather data, and support subsea infrastructure maintenance while expanding into new markets like deep-sea mineral exploration.