Nauticus Robotics to Join the Russell Microcap® Index
Nauticus Robotics, Inc. (NASDAQ: KITT), a developer of ocean robots using artificial intelligence for data collection and intervention services, is set to join the Russell Microcap® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
"We are pleased to have earned our spot on one of the esteemed Russell indexes, widely cited as one of the most important performance benchmarks for emerging companies in the U.S.,” said Nicolaus Radford, founder and CEO of Nauticus. “This is an important milestone for us as we continue to build momentum to create the most impactful ocean robotics company and serves as a validation of our performance and growth potential.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.