24/7 Market News Snapshot 18 Jul 2024 – Nauticus Robotics, Inc. Common stock (NASDAQ: KITT)

July 18, 2024 3:33

Press Release

DENVER, Colo., 18 July, 2024 (247marketnews.com) – (Nasdaq:KITT) are discussed in this article.
Nauticus Robotics, Inc.’s common stock, KITT, showcased robust performance today, opening at $0.135 and closing at $0.128 with a notable trading volume of 74.0 million shares. The stock surged impressively by 22.12% from the market open, reflecting positive market sentiment towards the company and signaling potential growth ahead. Concurrently, the Company announced a strategic 1-for-36 reverse stock split of its common stock, an initiative endorsed by both the Board of Directors and stockholders at the recent annual meeting. This proactive step is designed to optimize Nauticus Robotics, Inc.’s capital structure, potentially boosting market appeal and liquidity for its common stock. The reverse split aligns with shareholder interests and underlines the Company’s commitment to fortifying its market stance and unlocking long-term value for stakeholders. Investors and industry observers are advised to stay tuned to Nauticus Robotics, Inc.’s official communications for updates on its financial strategies and market advancements.

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