Company: KITTW
Filing Date: 2025-02-20
Form Type: 8-K
Source: 0001849820-25-000058
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Company: Nauticus Robotics, Inc.
Filing Date: 2025-02-20
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

As previously disclosed by the Company in its filings with the SEC, on August 14, 2024, the Company received a staff determination letter (the “ Letter”) from the staff of the Listing Qualifications Department (the “ Staff”) of The Nasdaq Stock Market LLC (“ Nasdaq”) notifying the Company that it had not regained compliance with the minimum $35 million market value of listed securities requirement for continued listing on The Nasdaq Capital Market as set forth in Listing Rule 5550(b)(2) (the “ MVLS Requirement”) or any of the alternative requirements in Listing Rule 5550(b), and that the additional delinquency may serve as a separate basis for the delisting of the Company’s securities from Nasdaq. The Company timely requested a hearing before a Hearings Panel. On September 18, 2024, the Hearings Panel granted the Company an exception until December 31, 2024 to demonstrate compliance with The Nasdaq Capital Market listing rules. On January 6, 2025, the Hearings Panel further extended the deadline to demonstrate compliance with the listing rules to February 10, 2025.

On February 18, 2025, the Company received a letter from Nasdaq confirming that the Company has demonstrated compliance with the equity requirement in Rule 5550(b)(1) (the “ Equity Rule”), as the alternative requirement for the MVLS Requirement, and that the Company is therefore in compliance with the Nasdaq Capital Market’s continued listing requirements as confirmed by the staff on February 10, 2025. A copy of the Nasdaq letter is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The Company remains subject to a discretionary panel monitor through February 18, 2026 pursuant to Listing Rule 5815(d)(4)(A).

On February 19, 2025, the Company issued a press release announcing its compliance with the Equity Rule. A copy of the press release is attached hereto as Exhibit 99.2 and incorporated herein by reference

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

  Exhibit      Description                                        
     99.1      Nasdaq Compliance Letter, dated February 18, 2025  
     99.2      Press Release, dated February 20 2025              
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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934