Brief: Nauticus Robotics to Become a Publicly Traded Company Via Merger with CleanTech Acquisition Corp.

Nauticus Robotics

17/12/2021 14:40

Dec 17 (Reuters) - Cleantech Acquisition Corp  CLAQ.O :
    * NAUTICUS ROBOTICS, A DEVELOPER OF CLOUD-BASED AI SOFTWARE
TO
POWER ITS OCEAN ROBOTS AND SERVICES, TO BECOME A PUBLICLY TRADED
COMPANY VIA MERGER WITH CLEANTECH ACQUISITION CORP.
    * CLEANTECH ACQUISITION CORP - PRO FORMA EQUITY VALUE OF
COMBINED
COMPANY IS EXPECTED TO BE APPROXIMATELY $561 MILLION
    * CLEANTECH ACQUISITION CORP - CURRENT NAUTICUS SHAREHOLDERS
ARE
ROLLING 100% OF THEIR EQUITY INTO PUBLICLY TRADED ENTITY
    * CLEANTECH ACQUISITION CORP - CLAQ WILL BE RENAMED NAUTICUS
ROBOTICS, INC.
    * CLEANTECH ACQUISITION CORP - EXPECTED TO REMAIN LISTED ON
NASDAQ
UNDER NEW TICKER SYMBOL "KITT"
    * CLEANTECH ACQUISITION CORP - BOARD OF DIRECTORS OF EACH OF
CLAQ
AND NAUTICUS APPROVED TRANSACTION
    * CLEANTECH ACQUISITION CORP -  FULLY COMMITTED PIPE OF
ABOUT $73
MILLION IN EQUITY, CONVERTIBLE NOTES BY SCHLUMBERGER,
TRANSOCEAN, AEROVIRONMENT, OTHERS

Source text for Eikon:  ID:nGNX9CSbVR 
Further company coverage:  CLAQ.O 

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