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CleanTech Acquisition Corp. (CLAQ) to Combine with Nauticus Robotics in $377M Deal

CleanTech Acquisition Corp. (CLAQ) to Combine with Nauticus Robotics in $377M Deal

Dec 17, 2021 INTEL by Nicholas Alan Clayton

CleanTech (NASDAQ:CLAQ) has entered into a definitive agreement to combine with subsea robot company Nauticus at an enterprise value of $377 million, or 4x its 2023E revenue. The Houston, Texas-based company provides undersea robotics platforms for maintenance, security and other tasks. The combined company is expected to trade on the Nasdaq under the symbol “KITT”
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ByNicholas Alan Clayton