FAQ: Nauticus Robotics 1-for-9 Reverse Stock Split

What is a reverse stock split?

A reverse stock split reduces the number of outstanding shares and proportionally increases the share price, with Nauticus consolidating every 9 shares into one share.

Why is Nauticus implementing this reverse stock split?

The primary objective is to increase the share price to comply with Nasdaq’s minimum bid price requirement and make the stock more attractive to institutional investors who may have minimum price thresholds.

How will the reverse split affect current shareholders?

Every 9 shares will be automatically combined into one share, fractional shares will be rounded up, and shareholders will retain the same ownership percentage without changing the overall value of their investment.

When does the reverse stock split take effect?

The reverse split becomes effective on September 05, 2025, with trading expected to be suspended temporarily at 7:50 p.m. Eastern Time on September 04, 2025, and resume on a post-split basis at market open on September 05.

What action do shareholders need to take?

Shareholders holding shares electronically in book-entry form need to take no action, while those with certificated shares will receive instructions from Continental Stock Transfer and Trust, the exchange agent.

Will the stock symbol change after the reverse split?

No, the stock will continue trading under the symbol ‘KITT’ but with a new CUSIP number 63911H 306.

Where can I find more detailed information about this reverse split?

Additional information can be found in Nauticus’ definitive proxy statement (Form DEF 14A) filed with the U.S. Securities and Exchange Commission on April 29, 2025.

Who approved this reverse stock split?

The reverse split was approved by Nauticus Robotics’ Board of Directors and stockholders at the annual meeting held on June 25, 2025.