Loeb & Loeb represented CleanTech Acquisition Corp., “CLAQ,” in its successful business combination with Nauticus Robotics, Inc., a developer of ocean robots, autonomy software and services to the marine industries, on September 9, 2022.
The combined company operates under the name Nauticus Robotics and is led by Nauticus Founder and CEO Nicolaus Radford and its incumbent executive team. Combined company’s common stock and public warrants began trading on the Nasdaq Capital Market under the ticker symbols “KITT” and “KITTW,” respectively, on September 13. Remaining “CLAQ” units were separated into their underlying components, including one share of “CLAQ” common stock, one right and one-half of one warrant. All of the rights were automatically converted into shares of common stock, with every 20 rights being automatically converted into one share of common stock.
The Loeb team that represented Nauticus Robotics, Inc. formerly known as CleanTech Acquisition Corp. included co-chair of Capital Markets & Corporate practice Mitch Nussbaum; Capital Markets partner Giovanni Caruso; Capital Markets senior counsel Jane Tam; Capital Markets partner Marina Casani; Corporate partner Shahrooz Shahnavaz; Patent Litigation partner Bill Voller; Finance partner Peter Beardsley; Litigation senior counsel Nicole Travers; Capital Markets associates Rongwei Xie and Olivia Wang; and Advanced Media & Technology associate Maxwell Harwitt.
For more information, please see the official press release.