Nauticus Robotics, Inc. (NASDAQ:KITT) shares are trading higher on Wednesday after the company announced that it entered into a strategic collaboration with SeaTrepid.
The Details: The goal of the collaboration is to integrate and test its ToolKITT software on a Remotely Operated Vehicle (ROV) in SeaTrepid's fleet.
Specifically, Nauticus will implement a perpetual license of its ToolKITT software onto an ROV, with SeaTrepid providing access to its facilities and workforce to assist with testing. As a result, SeaTrepid will enhance its ROV services, gaining a competitive edge, while Nauticus will benefit from ongoing annual software maintenance revenue after deployment.
"We are thrilled to work with Bob Christ and the team at SeaTrepid. Together, we aim to revolutionize subsea operations by advancing autonomous ROV capabilities," said John Gibson, CEO and President of Nauticus Robotics.
"By equipping SeaTrepid's ROVs with ToolKITT, we can deliver significant efficiency gains, including reduced CO2 emissions, faster mission completion times, and fewer operator-related delays. This collaboration represents an exciting entry point for ToolKITT into the broader ROV market, building on its recent success on the Aquanaut Mark 2 vehicle earlier this year."
How To Buy Nauticus Robotics Shares
By now you're likely curious about how to participate in the market for Nauticus Robotics – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Nauticus Robotics, which is trading at $1.05 as of publishing time, $100 would buy you 95.24 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
KITT Price Action: At the time of writing, Nauticus Robotics stock is trading 12.1% higher at $1.02, according to data from Benzinga Pro.
Image: Image via Unsplash
