CCH Holdings prices IPO at $4 per share on NASDAQ
Nauticus Robotics, Inc. (NASDAQ:KITT) announced that its board of directors approved an amendment to the company’s bylaws to reduce the quorum required for all meetings of stockholders. As of Friday, the new bylaw sets the quorum at one-third, or 33.33%, of the company’s voting power of issued and outstanding shares entitled to vote, either present in person or represented by proxy.
Previously, the company’s bylaws required a higher threshold for quorum at shareholder meetings. The amendment, referred to as Amendment No. 1 to the Amended and Restated By-laws, was approved by the board on Friday.
The company stated that the full text of the amendment is available as Exhibit 3.1 to the current report filed with the Securities and Exchange Commission.
Nauticus Robotics’ common stock and warrants are listed on the Nasdaq Stock Market under the symbols KITT and KITTW, respectively.
This information is based on a press release statement included in a recent SEC filing.
In other recent news, Nauticus Robotics reported its Q2 2025 earnings, showcasing notable revenue growth alongside strategic advancements. The company achieved a revenue of $2.1 million for the quarter, representing a significant increase compared to the previous year. Despite this revenue boost, Nauticus Robotics recorded a net loss of $7.4 million. This financial loss has raised concerns among investors, as reflected in the market’s reaction. These developments are part of the company’s ongoing efforts to improve its financial standing. The earnings report underscores the challenges Nauticus Robotics faces, balancing revenue growth with profitability. Investors are closely monitoring the company’s financial performance and strategic direction.
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