CleanTech Acquisition in a regulatory filing said it has amended the merger agreement with Nauticus Robotics to increase the reserve pool of incentive shares to 10% from the previous 5% of the fully diluted outstanding shares post merger. The reserve pool would be increased by 3% annually thereafter.
As announced in December, estimated cash proceeds on the deal are expected to be $247.2 million.
Nauticus Robotics is a Houston-based developer of cloud-based surface and subsea robots and software. Read more.
