Nauticus Robotics, Inc. (KITT) rose 23.36% to $2.17, gaining $0.41, after announcing a $250 million equity line of credit to support growth and a $3.7 million debt-to-equity conversion to strengthen its balance sheet.
The company said the equity facility will help finance strategic initiatives, including expansion into deep-sea rare-earth mineral exploration using its advanced autonomous subsea robotics. The debt conversion also positions Nauticus to meet NASDAQ compliance and enhance long-term financial stability.
KITT opened at $1.78, reached a high of $2.25, and a low of $1.72, compared to a previous close of $1.76 on the NasdaqCM. Trading volume spiked sharply above average. The stock's 52-week range is $0.45 - $3.10.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.