Nauticus Robotics Announces 1-for-6 Reverse Split to Regain Nasdaq Compliance
KITT is trading near its 52-week low of $0.6 (6.7% above the low) on light trading volume (0.3× avg).
Summary
Nauticus Robotics will execute a 1-for-6 reverse stock split effective September 24, 2026, to lift its share price above Nasdaq's $1 minimum bid requirement. The move consolidates every six shares into one, with fractional shares rounded up. Trading will halt at 7:50 p.m. ET on September 24 and resume post-split on September 25 under the same ticker. This follows a series of dilutive financings and a Q2 revenue collapse to $886K, with cash at $1.4M and going concern doubts. The reverse split is a compliance measure, not a fundamental improvement, and may face selling pressure from investors wary of further dilution.
At the time of this announcement, KITT was trading at $0.64 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $4.7M. The 52-week trading range was $0.60 to $35.84. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: PR Newswire.