CleanTech Acquisition filed a prospectus and preliminary proxy on its proposed merger with Nauticus Robotics. A shareholder vote is tentatively planned for sometime next month, although the proxy does not list a specific date.
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.
The SPAC two weeks ago said it had agreed 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. Read more.
