Nauticus SPAC Presentation Deck

TRANSACTION SUMMARY Offering Size Business Overview Capital Structure Notes: Valuation OO! SPAC has $174mm of cash in trust and is focused on technologies that are enabling Energy Transition Innovative robotics-as-a- service company using autonomous electric subsea vehicles used for inspection, data collection and intervention activities offshore Existing Nauticus shareholders are rolling in 100% of their equity and are anchoring the PIPE with significant additional investment Industry leader in the transformation to an economically efficient and environmentally sustainable model 1. PIPE includes $35.3mm common shares and $37.5mm convertible notes. PIPE proceeds will more than fully fund the business until 2026 Pre-money Equity Value of $300mm (excluding $75mm earnout) Pro Forma Equity Value of $561mm ¹ (assuming no redemptions) and Pro Forma Enterprise Value of $377mm PIPE size of $73mm ¹ Robust growth profile with 2021-2024E Revenue CAGR of 190% and long- term EBITDA margins of ~60% Additional proceeds from SPAC trust will be used to accelerate organic and inorganic growth $222mm ¹ cash on balance sheet at closing Implies attractive entry multiples of 12.2x EV/2023E EBITDA and 4.0x EV/2023E Revenue 3.4x EV/2024E EBITDA and 1.9x EV/2024E Revenue nauticus robotics 9

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