Nauticus Robotics, Inc. effected a 1-for-8 reverse stock split on April 21, 2026, to regain compliance with the Nasdaq Capital Market minimum bid price requirement.
Key takeaways
A 1-for-8 reverse stock split was effected, consolidating every eight shares into one share.
The split aims to meet the minimum bid price requirements for the Nasdaq Capital Market.
Common stock begins trading on a split-adjusted basis on April 21, 2026, under symbol 'KITT'.
Fractional shares will be rounded up to the nearest whole share for stockholders.
A new CUSIP number (63911H 405) was assigned in connection with the reverse split.