Nauticus Robotics, Inc. announced a 1-for-9 reverse stock split of its common stock.
The reverse stock split aims to increase the per-share stock price to comply with Nasdaq requirements.
Current shareholders will have their shares automatically combined into one share, maintaining ownership percentages.
What is a Reverse Split?
A reverse stock split reduces outstanding shares and increases share price proportionally.
Reason for Reverse Split
Nauticus is enacting the split to comply with Nasdaq's minimum bid price and attract more investors.
Impact on Current Investors
Current shareholders will have their shares consolidated without changing ownership percentages.
Effective Date
The reverse split is scheduled to be effective on September 5, 2025.
- The Reverse Split is expected to adjust the share price proportionally to meet Nasdaq requirements.
- Shareholders are not required to take any action for the split, and additional information can be found in the proxy statement filed with the SEC.
Nauticus Robotics' reverse stock split is a strategic move to enhance share price and attract a broader investor base. Current shareholders will see their shares adjusted without impacting ownership percentages.