Nauticus Robotics receives extension to regain Nasdaq compliance

Nauticus Robotics announced receipt of a letter from Nasdaq approving an extension of time to regain compliance with all listing standards. The letter received from Nasdaq grants Nauticus an exception until December 31 to demonstrate compliance with the Nasdaq Capital Market listing rules. Nauticus management presented its detailed plan to gain compliance during the Nasdaq Hearings Panel meeting held on September 5. Nauticus will continue to work through its plan with intent to resolve all compliance issues before the deadline of December 31. With the granting of this Nasdaq exception, Nauticus remains listed on the Nasdaq capital market. Once the compliance plan is fully executed, Nauticus will make further disclosures describing the actions taken by the Company to achieve compliance.