Nauticus Robotics (KITT) has released an update to notify the public and investors about listing compliance status.
Nauticus Robotics, Inc. received a notice from Nasdaq for failing to maintain the minimum required closing bid price of $1 over the past 30 days, which is a condition for continued listing. While there is no immediate effect on their stock and warrant trading, there is an indicator of non-compliance on NASDAQ.com. The Company has 180 days to regain compliance, during which it will consider options to meet the minimum bid price. If non-compliance persists after the grace period, Nasdaq may initiate delisting, but the Company can appeal and continue trading during the appeal process, with no guarantee of a successful outcome.
For further insights into KITT stock, check out TipRanks’ Stock Analysis page.
