Nauticus Robotics Implements 1-for-9 Reverse Stock Split to Maintain Nasdaq Compliance
Nauticus Robotics is executing a reverse stock split to increase its share price and meet Nasdaq's minimum bid requirements, potentially attracting broader investor interest while maintaining shareholder ownership percentages.
Nauticus Robotics, Inc. (NASDAQ: KITT) will implement a 1-for-9 reverse stock split of its outstanding common shares following approval from both its Board of Directors and stockholders. The corporate action, approved during the company's annual shareholder meeting on June 25, 2025, will consolidate every nine shares into one share, proportionally increasing the stock price while reducing the number of outstanding shares.
The primary objective behind this reverse split is to elevate Nauticus' share price to comply with the minimum bid price requirement mandated by The Nasdaq Capital Market. A higher per-share price could also make the stock more attractive to institutional investors and other market participants who often maintain minimum price thresholds for investment considerations. Additional information about the reverse split can be found in Nauticus' definitive proxy statement (Form DEF 14A) filed with the U.S. Securities and Exchange Commission on April 29, 2025, available at https://www.sec.gov/edgar/searchedgar/companysearch.
Current shareholders will see their holdings automatically adjusted, with every nine shares consolidated into one share. Fractional shares will be rounded up to the nearest whole share. This adjustment will not alter ownership percentages or the overall market capitalization of the company, ensuring shareholders maintain their proportional stake in Nauticus despite the reduced share count.
The reverse stock split is scheduled to become effective on September 5, 2025. Trading in Nauticus common stock is expected to be temporarily suspended at 7:50 p.m. Eastern Time on September 4, 2025, with post-split trading commencing at market open on September 5 under the existing symbol "KITT" but with a new CUSIP number 63911H 306.
Shareholders holding shares electronically in book-entry form need not take any action to receive their post-split shares. Those holding physical stock certificates will receive instructions from Continental Stock Transfer and Trust, the company's transfer agent serving as the exchange agent for the reverse split. The company develops autonomous robots for ocean industries, leveraging sensors, artificial intelligence, and advanced algorithms for environmental adaptation, as detailed on their corporate website at https://nauticusrobotics.com/.