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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Nauticus Robotics, Inc. (NASDAQ: KITT) is the only pure-play autonomous underwater drone (AUD) company we are aware of.</li><li>Its technology spans the Aquanaut autonomous subsea vehicle, Nauticus ToolKITT software, and electric manipulation, serving offshore energy, offshore wind, and increasingly defense markets.</li><li>Today, KITT announced a non-binding letter of intent (LOI) with an undisclosed strategic investor for a proposed private placement equity investment of up to $50 million to support its short- and long-term commercial objectives.</li></ul>

Nauticus Robotics, Inc. (NASDAQ: KITT) is the only pure-play autonomous underwater drone (AUD) company we are aware of.Its technology spans the Aquanaut autonomous subsea vehicle, Nauticus ToolKITT software, and electric manipulation, serving offshore energy, offshore wind, and increasingly defense markets.Today, KITT announced a non-binding letter of intent (LOI) with an undisclosed strategic investor for a proposed private placement equity investment of up to $50 million to support its short- and long-term commercial objectives.

KITT: Up to $50-Million Strategic Investment Proposal Under Board Review