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0.00723065798987709 -0.00602554832489757 -0.00650759219088946 0.012292118582791 -0.0118100747167993 0.0040973728609303 0.00602554832489757 0.0151843817787418
Stock impact report

Nauticus Robotics Announces 1-for-8 Reverse Stock Split [TheStreet.com]

Nauticus Robotics, Inc. - Common stock (KITT) 
Company Research Source: TheStreet.com
HOUSTON April 17, 2026 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT, "Nauticus" or the "Company") today announced that it will proceed with a 1-for-8 reverse stock split ("Reverse Split") of its outstanding shares of common stock (the "Common Stock") following approval by its Board of Directors and stockholders. This ratio is within the range approved by stockholders at the special meeting of the Company's shareholders held on January 28, 2026. What is a Reverse Split? A reverse stock split is a corporate action that reduces the number of outstanding shares of the corporation and proportionately increases their respective share price. In this case, Nauticus is implementing a 1-for-8 reverse stock split, meaning that every 8 shares of our Common Stock will be consolidated into one share and the share price will increase proportionally. Why is Nauticus enacting the Reverse Split? By reducing the number of shares, the per-share stock price of Nauticus' Common Stock shou Show less Read more
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