Nauticus Robotics shares are trading lower after the company announced a deal with H.C. Wainwright & Co to sell shares under an at-the-market offering.
Portfolio Pulse from Benzinga Newsdesk
Nauticus Robotics shares are trading lower following the announcement of a deal with H.C. Wainwright & Co to sell shares under an at-the-market offering.
May 20, 2024 | 4:02 pm
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Nauticus Robotics (KITT) shares are trading lower after the company announced a deal with H.C. Wainwright & Co to sell shares under an at-the-market offering.
The announcement of an at-the-market offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. This is reflected in the immediate trading lower of Nauticus Robotics shares.
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IMPORTANCE 80
RELEVANCE 100