(NASDAQ:KITT) HOUSTON, Sept. 2, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT, "Nauticus" or the "Company") today announced that it will proceed with a 1-for-9 reverse stock split ("Reverse Split") of its outstanding shares of common stock ("Common Stock") following approval by its Board...
Related Questions
What is the company's rationale for the 1-for-9 reverse split and how is it expected to affect the stock's liquidity and market perception?
How will the reverse split impact existing shareholders' cost basis, potential tax consequences, and overall ownership percentages?
Is the reverse split being used as a precursor to any strategic initiatives, such as capital raises, acquisitions, or changes in corporate governance that could influence the stock's valuation?