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Nauticus Robotics shares are trading lower. The company announced non-binding letter of intent for a potential private placement investment of up to $50 million from a strategic investor to support its commercial growth plans.
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Nauticus Robotics shares are trading lower after the company announced a 1-for-6 reverse stock split.
Nauticus Robotics Announces 1-For-6 Reverse Stock Split, Effective Sept. 24
Nauticus Robotics, Inc. (NASDAQ: KITT, "Nauticus" or the "Company") today announced that it will proceed with a 1-for-6 reverse stock split ("Reverse Split") of its outstanding shares of common