Nauticus Robotics Implements 1-for-6 Reverse Stock Split to Meet Nasdaq Requirements
Nauticus Robotics Inc. (NASDAQ: KITT) announced a 1-for-6 reverse stock split, effective September 24, 2026, following approval by its board and shareholders. The move aims to increase the company's share price in order to meet Nasdaq’s minimum bid requirements. This corporate action will reduce the number of outstanding shares while proportionally increasing their value. The reverse stock split is expected to make Nauticus' stock more attractive to institutional investors who often have minimum pricing thresholds for investments. Shareholders holding electronic book-entry shares do not need to take any action, but those with certificated shares will receive instructions from the transfer agent. Trading on Nasdaq will halt temporarily before resuming post-split under the same ticker symbol KITT. Nauticus Robotics is focused on developing autonomous robots for ocean industries using advanced AI and sensor technologies. The company provides services in subsea infrastructure maintenance, data collection, analytics, and offers both products and software licensing to commercial and defense sectors.
Tickers: $KITT
Topics: compliance share price stock structure