24/7 Market News Snapshot 05 March, 2025 – Nauticus Robotics, Inc. Common stock (NASDAQ:KITT)

March 5, 2025

DENVER, Colo., 05 March, 2025 (247marketnews.com) – (NASDAQ:KITT) are discussed in this article.
Nauticus Robotics, Inc. (NASDAQ:KITT) has recently captured investor attention with a notable surge in its stock price, opening at $0.933 and climbing by over 27% to reach $1.157, underscored by a trading volume of 2.22 million shares. This bullish momentum reflects growing confidence in Nauticus’s innovative robotics solutions, prompting analysts to monitor these developments closely for potential sustained growth.

In a strategic move to further enhance its footprint in the subsea services industry, Nauticus announced the acquisition of SeaTrepid International, LLC, a reputable provider of subsea robotic services. This acquisition is poised to integrate Nauticus’s advanced AI-driven autonomy software, ToolKITT, with SeaTrepid’s extensive fleet of remotely operated vehicles (ROVs). The collaboration aims to revolutionize subsea operations by improving power efficiency and operational performance, thereby unlocking new service opportunities. Nauticus foresees that the combined revenue could potentially expand nearly ninefold beyond its standalone estimates for 2024.

John Gibson will continue as CEO of Nauticus, with SeaTrepid’s CEO Bob Christ assuming the role of President of SeaTrepid Operations. Both companies will maintain their existing workforce while harnessing their combined strengths to foster new project growth in the coming year.

This merger signifies a significant enhancement to the offshore sector, addressing the stagnation in ROV investment over the past fifteen years. Gibson emphasized that this strategic combination is designed to deliver substantial value to customers and shareholders alike. Meanwhile, Christ expressed enthusiasm about leveraging Nauticus’s technology to improve ROV capabilities and facilitate global project execution.

The completion of this acquisition is anticipated in May 2025, pending customary closing conditions. Nauticus intends to share further strategic insights in an upcoming fireside chat, demonstrating its commitment to pioneering advancements in the subsea robotics landscape.

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