AeroVironment Inc.

NASDAQ:AVAV  
57.36
-0.67 (-1.16%)
Debt Financing / Related, Exchange Changes, Mergers / Acquisitions

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

Published: 12/17/2021 14:46 GMT
AeroVironment Inc. (AVAV) - 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.