Nauticus Robotics Secures $250M Line of Credit
Nauticus Robotics Inc. has announced a $250 million equity line of credit to accelerate its growth and innovation.
The company aims to use this credit line to expand into deep-sea rare earth and mineral exploration, as well as pursue strategic acquisitions to enhance its technological capabilities.
Nauticus' new initiative is part of its broader strategy to use its technologies in industries essential to the global energy transition.
The Aquanaut underwater robot is designed for various tasks, including managing aquaculture projects, repairing oil pipelines, and scanning seabeds.
Author's summary: Nauticus Robotics secures $250M credit line.
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