#USA #Stock Split #Houston #Nauticus Robotics #KITT

Nauticus Robotics Executes 1-for-8 Reverse Stock Split

HOUSTON, April 17, 2026 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), known for its cutting-edge developments in autonomous ocean technology, announces a significant corporate decision to undertake a 1-for-8 reverse stock split of its existing common stock. This move, approved by the Company’s Board of Directors and stockholders, aims to enhance the market perception and performance of Nauticus shares.

Understanding the Reverse Stock Split

A reverse stock split is a strategic maneuver wherein a company consolidates its shares, leading to a reduction in the total number of outstanding shares while increasing the share price proportionally. Specifically, for every eight shares held in common stock, shareholders will now own one share following the consolidation. While this adjustment changes the number of shares an individual holds, it is designed to be neutral in terms of ownership percentages and market capitalization.

Reasons Behind Nauticus's Decision

The primary impetus for the reverse split is to uplift the share price to meet the minimum requirements set forth by The Nasdaq Capital Market. A higher share price not only enhances the appeal of Nauticus's stock but also may attract a wider array of investors, especially institutional ones who often have price limitations for potential investments. By reducing the number of shares available on the market, Nauticus anticipates a proportional increase in its stock price, prompting a rejuvenated interest in its equity.

Impact on Existing Shareholders

Current shareholders need not panic; the reverse split will not alter the overall value of their investment in Nauticus. Every eight shares will be collated into one, with any fractional shares rounded up to the next full share. Consequently, while the company will have fewer outstanding shares, the ownership percentages remain unchanged. The post-split share price adjustment is expected to align closely with the price dictated by the market.

Timeline for Implementation

This reverse stock split is set to take effect on April 21, 2026, with trading of Nauticus’s common stock suspended temporarily on April 17, 2026 at 7:50 PM ET. Following this, shares will commence trading under the symbol KITT adhering to the new post-split paradigm.

Guidance for Shareholders

For those holding shares in electronic format, no action is required to receive their newly split shares. However, shareholders with physical certificates will obtain further instructions from Continental Stock Transfer and Trust, the designated transfer agent responsible for the split transition.

Company Overview

Nauticus Robotics, Inc. is at the forefront of robotic technology development for maritime applications. Leveraging artificial intelligence, complex algorithms, and extensive sensor technology, Nauticus creates efficient solutions for both commercial and defense sectors. The Company not only provides innovative services but has also developed a new generation of robotic vehicles designed to optimize operational costs and enhance data collection for maintaining subsea infrastructures. Nauticus is also committed to minimizing its ecological footprint, ensuring safer operations while navigating the complexities of offshore environments.

For more details regarding the reverse stock split, interested parties can refer to Nauticus’s definitive proxy statement filed with the U.S. Securities and Exchange Commission on December 29, 2025.

Forward-Looking Statements

This press release contains forward-looking statements that pertain to various factors, including the expected outcomes from the reverse stock split and future market strategies. Such statements may be influenced by uncertainties and may not reflect actual performance, necessitating stakeholders to review Nauticus's reports for a complete risk assessment.

This fundamental shift in Nauticus's capital structure underscores a pivotal moment for the company, as it strives to innovate and expand in the rapidly-evolving field of robotics for oceanic endeavors.