CleanTech Acquisition Files Prelim Proxy on Nauticus Deal

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.

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