Nauticus Robotics Announces Notification of NASDAQ Listing Extension

Core Points - Nauticus Robotics Inc. has received an extension from Nasdaq until December 31, 2024, to regain compliance with listing standards [1][2] - The company presented a detailed compliance plan during a Nasdaq Hearings Panel meeting on September 5, 2024 [2] - Nauticus will continue to work on its compliance plan and will disclose actions taken to achieve compliance once fully executed [3] Company Overview - Nauticus Robotics develops autonomous robots for ocean industries, utilizing sensors, artificial intelligence, and algorithms for adaptability [4] - The business model includes providing robotic systems for services, selling vehicles and components, and licensing software to commercial and defense sectors [4] - The company is testing a new generation of vehicles aimed at reducing operational costs and maintaining subsea infrastructure [4] - Nauticus' services focus on data collection, analytics, and subsea manipulation to support asset maintenance while minimizing operational footprint and greenhouse gas emissions [4]