other_material
confidence high
sentiment neutral
materiality 0.50
Nauticus Robotics files 1-for-9 reverse stock split effective Sept 5, 2025 to meet Nasdaq bid price requirement
Nauticus Robotics, Inc.
- The 1-for-9 reverse stock split will take effect on September 5, 2025, with fractional shares rounded up to whole shares.
- The split aims to bring the Company's common stock into compliance with Nasdaq's minimum bid price requirement.
- Stockholders approved the reverse split at a special meeting on June 25, 2025; Board authorized the Certificate of Amendment after approval.
- Trading symbol remains "KITT"; a new CUSIP number (63911H 306) assigned for the post-split shares.
- Outstanding options, warrants, and convertible securities will be adjusted proportionally, with fractional shares rounded up.
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