Shares of Nauticus Robotics Inc. were higher on their first day of trading on Nasdaq.
The shares began trading following a business combination with special purpose acquisition company CleanTech Acquisition Corp., which took the company public.
Nauticus said it develops ocean robots, autonomy software and services to the marine industries.
At 1:16 p.m. ET, the company’s shares were trading 10.71% higher at $6.20 each. The shares traded as low as $4.34 and as high as $9.05 each during the session.
Trading in the company’s shares was paused several times during the day due to volatility.