Nauticus Robotics Stock Just Jumped — But a Reverse-Split Vote May Decide What Comes Next
Nauticus Robotics Inc. heads into June after a Friday bounce in its Nasdaq-listed shares, but the bigger issue for holders is a fresh shareholder mandate that lets directors carry out a reverse stock split. The stock closed Friday at $1.80, up 4.65%, and finished the holiday-shortened week 6.5% above its May 22 close of $1.69. Its market value was about $9 million, small enough that modest shifts in trading can move the tape hard.