Nauticus Robotics Announces 1-for-36 Reverse Stock Split Following Board Approval
Portfolio Pulse from Benzinga Newsdesk
Nauticus Robotics has announced a 1-for-36 reverse stock split following approval from its board of directors. This move is aimed at increasing the company's stock price and maintaining its listing on the stock exchange.
July 18, 2024 | 8:30 pm
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Nauticus Robotics has announced a 1-for-36 reverse stock split following board approval. This move is aimed at increasing the company's stock price and maintaining its listing on the stock exchange.
A reverse stock split typically aims to increase the stock price by reducing the number of shares outstanding. This can help the company meet minimum price requirements for stock exchange listings, which is crucial for maintaining investor confidence and market visibility.
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