Nauticus Robotics, Inc. (NASDAQ: KITT) is a company that develops autonomous subsea robots and provides ocean data services. It focuses on creating technology for underwater operations. The company's stock currently has a market capitalization of approximately $2.1 million.
On April 21, 2026, Nauticus Robotics executed a 1-for-8 reverse stock split. This action combines eight existing shares into one new share. A reverse stock split is typically done to increase the stock's price per share. The company's Board of Directors and its stockholders approved this move.
This financial restructuring follows what the company calls a "foundational year" in 2025. During that year, Nauticus Robotics worked to strengthen its balance sheet and integrated another company, SeaTrepid, into its operations. It also advanced its autonomy platform through real-world use.
The company reports progress in its technology, including the successful installation of its Nauticus ToolKITT™ software. As highlighted by PR Newswire, Nauticus Robotics also completed a Simulated Intervention Testing project. This test confirmed its systems are ready for upcoming offshore work on the U.S. East Coast.
Currently, Nauticus Robotics trades at $2.94 per share, a daily decrease of 6.46%. The stock has fluctuated between a high of $100.08 and a new yearly low of $2.81 over the past year. Today's trading volume is over 260,521 shares.
