Nauticus Robotics Stock Just Jumped — But a Reverse-Split Vote May Decide What Comes Next
Nauticus Robotics shares closed at $1.80 Friday, up 4.65%, after shareholders authorized the board to enact a reverse stock split at ratios from 1-for-5 to 1-for-250. Investors rejected a proposal to increase authorized shares. First-quarter revenue fell to $0.2 million, with a net loss of $9.3 million. No company events are scheduled for the coming week.