CleanTech Acquisition Corp. Announces Effectiveness of Registration Statement and Date for Special Meeting to Approve Business Combination with Nauticus Robotics

CleanTech Acquisition Corp., a publicly traded special purpose acquisition company, and Nauticus Robotics, Inc. (“Nauticus”), a Houston-area developer of subsea and surface robotic services using autonomy software, announced that CLAQ’s registration statement on Form S-4 (the “Registration Statement”), relating to the previously announced proposed business combination between CLAQ and Nauticus (the “Business Combination”), has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”).

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CLAQ will hold a Special Meeting of Stockholders (“Special Meeting”) on September 6, 2022 at 10:00 am Eastern Time. CLAQ has established July 27, 2022 as the record date for such meeting (“Record Date”). CLAQ shareholders of record at the close of business on the Record Date are entitled to vote the shares of common stock of CLAQ owned by them at the Special Meeting.

If the proposed Business Combination is approved by CLAQ shareholders, CLAQ anticipates closing the Business Combination promptly after the Special Meeting, subject to the satisfaction or waiver (as applicable) of all other closing conditions. CLAQ shareholders who wish to exercise their redemption rights must do so no later than 5:00 pm Eastern Time on September 1, 2022 by following the procedures specified in the definitive proxy statement/prospectus for the Special Meeting.

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Upon completion of the Business Combination, CLAQ common stock and warrants will trade on the under the symbols “KITT” and “KITTW”, respectively. At the closing of the Business Combination, (i) all remaining CLAQ units will separate into their components consisting of one share of CLAQ common stock, one right and one-half of one warrant and, as a result, will no longer trade together as a separate security, and (ii) every 20 rights will automatically convert into one share of common stock.

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