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Nauticus Robotics, Inc. (NASDAQ:KITT), currently trading at $0.65 and down nearly 49% over the past year, announced Tuesday that it will implement a 1-for-9 reverse stock split of its common stock, effective at the start of trading on the Nasdaq Capital Market on Friday. According to InvestingPro data, the company’s stock has fallen significantly from its 52-week high of $6.04. The company filed a certificate of amendment to its Second Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware to effect the reverse split.
No fractional shares will be issued as a result of the reverse stock split; instead, any fractional shares will be rounded up to the nearest whole share. The reverse split was approved by the company’s Board of Directors to meet the share bid price requirements of the Nasdaq Capital Market. Nauticus Robotics’ stockholders previously approved the amendment at a special meeting held on June 25, 2025.
Following the reverse stock split, the company’s common stock will continue to trade under the symbol "KITT" on the Nasdaq Capital Market. The company has been assigned a new CUSIP number (63911H 306) for its common stock in connection with the split.
All options, warrants, and other convertible securities outstanding immediately prior to the effectiveness of the amendment will be adjusted in accordance with their respective terms and rounded to the nearest whole share. The company stated that each stockholder’s percentage ownership and proportional voting power will remain virtually unchanged, except for minor adjustments resulting from the rounding of fractional shares. The rights and privileges of holders of common stock will remain substantially unaffected.
This information is based on a statement in a press release filed with the Securities and Exchange Commission. For deeper insights into KITT’s financial health and growth prospects, including 14 additional key ProTips and comprehensive valuation metrics, check out the detailed Pro Research Report available exclusively on InvestingPro.
In other recent news, Nauticus Robotics reported its Q2 2025 earnings, showing significant revenue growth. The company’s revenue reached $2.1 million for the quarter, a notable increase from the previous year. However, despite the revenue rise, Nauticus Robotics experienced a net loss of $7.4 million. In another development, the company announced an amendment to its bylaws to lower the quorum requirement for shareholder meetings to one-third of the voting power. This change, approved by the board, aims to facilitate easier decision-making during stockholder meetings. Additionally, Nauticus Robotics revealed that its Aquanaut Mark 2 underwater vehicle reached a record depth of 2,300 meters during testing. This achievement highlights the vehicle’s capabilities without needing a physical connection to surface vessels. These updates reflect Nauticus Robotics’ ongoing efforts to advance its technology and streamline corporate governance.
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