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Benzinga
Benzinga
Business
Adam Eckert

Nauticus Robotics Stock Is Tumbling Tuesday: Here's Why

Nauticus Kitt Nasdaq
Trading,Chart,Displayed,On,The,Screen,Of,The,Laptop.,Stock

Nauticus Robotics Inc (NASDAQ:KITT) shares are trading lower Tuesday after the company announces a reverse stock split.

What Happened: Nauticus Robotics announced that it will proceed with a 1-for-9 reverse stock split of its common stock that was approved by shareholders at the company’s annual meeting in June.

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