Nauticus Robotics announces 1-for-9 reverse stock split

Nauticus Robotics (KITT) announced that it will proceed with a 1-for-9 reverse stock split of its outstanding shares of common stock following approval by its Board of Directors and stockholders. This ratio is within the range approved by stockholders at the annual meeting of the company’s shareholders held on June 25. The reverse stock split is expected to become effective on September 05. After-market trading of shares in Nauticus’ common stock is expected to be suspended temporarily at 7:50 p.m. Eastern Time on September 4. Nauticus expects the common stock will begin trading on a post-split basis at the market open on September 5 under the symbol “KITT” with the new CUSIP number 63911H 306.