Nauticus Robotics Announces 1-for-6 Reverse Stock Split
Nauticus Robotics will consolidate every six common shares into one to raise its per-share price and maintain Nasdaq bid-price compliance.
Rhea-AI Summary
Nauticus Robotics (KITT) will implement a 1-for-6 reverse stock split of its common stock, following board and stockholder approval.
Every 6 existing shares will be automatically combined into 1 share, with fractional shares rounded up to the nearest whole share. The company states that the primary objective is to increase the share price to meet the minimum bid price requirement of The Nasdaq Capital Market and potentially broaden investor appeal. The reverse split is expected to become effective on September 24, 2026 at 8:01 p.m. ET, with post-split trading beginning September 25, 2026 under the symbol KITT and new CUSIP 63911H 504.
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News Explained
The disclosed consolidation does not change existing holders’ ownership percentages or the company’s overall value by itself.
Details
Market move: KITT -4.14% vs previous close. 1-for-6 reverse stock split
On Sep 23, the day this news came out, the latest delayed price for KITT is 4.14% below the previous close. Argus tracked a peak move of +12.7% during the session. Argus tracked a trough of -2.5% from its starting point during tracking. Our momentum scanner has recorded 5 alerts for this stock so far that day. The latest delayed price is $0.60. Relative volume is exceptionally heavy at 15.6x the average.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Reverse split ratio
- 1-for-6
- Common stock consolidation
- Effective time
- September 24, 2026 at 8:01 PM
- Expected reverse split effectiveness
Previous Stock split Reports
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Announced 1-for-8 reverse split to address Nasdaq minimum bid price compliance.
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Announced 1-for-9 reverse split with the same Nasdaq minimum bid price compliance objective.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
cusip technical
def 14a regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
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-6 reverse stock split, meaning that every 6 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 should increase proportionally. The primary objective of the Reverse Split is to increase the share price to comply with the minimum bid price required by The Nasdaq Capital Market. A higher share price can also make the stock more attractive to a broader range of investors, including institutional investors who may have minimum price thresholds for investments.
How will the Reverse Split affect current investors?
Every 6 shares of Nauticus Common Stock held by shareholders will be automatically combined into one share. Fractional shares will be rounded up to the nearest share. This adjustment will not change the ownership percentages of the company or change the overall value of Nauticus, and the share price should be adjusted accordingly. Current shareholders will retain the same ownership percentage in Nauticus as before the Reverse Split.
When will the Reverse Split be effective?
The reverse stock split is expected to become effective on September 24, 2026 at 8:01 PM. Nasdaq will halt trading at approximately 7:50 p.m. ET on September 24, 2026 and generally will re-open the security for trading at approximately 9:00 a.m. ET on September 25, 2026. Therefore, Nauticus expects the Common Stock will begin trading on a post-split basis at the market open on September 25, 2026 under the symbol "KITT" with the new CUSIP number 63911H 504.
Do shareholders need to take any action in connection with the Reverse Split?
Shareholders holding their shares electronically in book-entry form are not required to take any action to receive the post-split shares. Shareholders who hold certificated shares will receive instructions from Continental Stock Transfer and Trust, our transfer agent who is acting as the exchange agent for the Reverse Split.
Where can I find additional information?
Additional information about the Reverse Split can be found in Nauticus' definitive proxy statement (Form DEF 14A) filed with the
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure. https://nauticusrobotics.com/
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' most recent Annual Report on Form 10-K filed with the SEC and Quarterly Reports on Form 10-Q filed with the SEC from time to time. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
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SOURCE Nauticus Robotics, Inc.
FAQ
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When will the Nauticus reverse stock split take effect and when will post-split trading begin?
The reverse stock split is expected to become effective on September 24, 2026 at 8:01 p.m. ET. Nasdaq plans to halt trading at approximately 7:50 p.m. ET on September 24, 2026 and generally re-open the security for trading at approximately 9:00 a.m. ET on September 25, 2026. Nauticus expects its common stock to begin trading on a post-split basis at the market open on September 25, 2026.
What is the new CUSIP number for Nauticus Robotics after the reverse split?
After the reverse stock split, Nauticus common stock is expected to trade under the same ticker symbol KITT but with a new CUSIP number, 63911H 504.
Why is Nauticus undertaking this reverse stock split?
The company states that by reducing the number of shares, the per-share stock price should increase proportionally. The primary objective is to increase the share price to comply with the minimum bid price required by The Nasdaq Capital Market, and a higher share price may also make the stock more attractive to certain investors who have minimum price thresholds.
Where can investors find more detailed information about the Nauticus reverse split?
Additional information about the reverse stock split is available in Nauticus’ definitive proxy statement on Form DEF 14A filed with the U.S. Securities and Exchange Commission on April 17, 2026.