Not for distribution to United States newswire services or dissemination in the United States ST. JOHN'S, Newfoundland, June 30, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG) announces that, further to its news release dated June 17, 2025, it has filed a final short form prospectus dated June 30, 2025 (the "Final Prospectus") with the securities commissions in each of the provinces of Canada, except Quebec pursuant to its bought deal public offering of common shares (the "Common Shares") at $2.66 per Common Share (the "Offering") for gross proceeds of $100,016,000 through a syndicate of underwriters led by Desjardins Capital Markets, and including Cormark Securities Inc., Scotia Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd.
Kraken Robotics is at a potential inflection point, with accelerating sales growth, global defense contracts, and strong customer loyalty. The company stands out as a highly profitable micro-cap, leveraging proprietary software-driven sonar tech and a cost-leadership strategy in a capital-intensive sector. Key risks include reliance on acquisitions for innovation, leadership transition after the founder's death, and potential dilution from recent capital raises.
Kraken Robotics is a niche leader in underwater robotics, with cutting-edge sonar and battery technology driving rapid revenue and stock growth. The company benefits from strong geopolitical and energy sector tailwinds, as global naval and offshore wind investments accelerate demand for its products. Kraken's technological edge and broad product applications provide a robust moat and large, expanding addressable market.
21 Aug 2025 (In 1 month) Date | | 0.01 Cons. EPS | - EPS |
27 May 2025 Date | | - Cons. EPS | 0 EPS |
25 Nov 2024 Date | | - Cons. EPS | 0.01 EPS |
27 Aug 2024 Date | | - Cons. EPS | - EPS |
22 Aug 2024 Date | | - Cons. EPS | 0.01 EPS |
21 Aug 2025 (In 1 month) Date | | 0.01 Cons. EPS | - EPS |
27 May 2025 Date | | - Cons. EPS | 0 EPS |
25 Nov 2024 Date | | - Cons. EPS | 0.01 EPS |
27 Aug 2024 Date | | - Cons. EPS | - EPS |
22 Aug 2024 Date | | - Cons. EPS | 0.01 EPS |
Scientific & Technical Instruments Industry | Technology Sector | Mr. Greg Reid C.A., CPA CEO | OTCQB Exchange | CA50077N1024 ISIN |
US Country | 244 Employees | - Last Dividend | - Last Split | - IPO Date |
Kraken Robotics Inc. is a leading marine technology company specialized in the design, manufacture, and sale of advanced sensors, batteries, and underwater robotic equipment intended for use on unmanned underwater vehicles across both military and commercial sectors. Operating through its two segments, Sensors and Platforms, and Power, Kraken Robotics delivers innovative solutions to challenges faced in underwater exploration and data collection. The company has expanded its reach beyond its Canadian roots, establishing operations in the United States, Europe, and other international markets. In a notable development, Kraken Robotics transitioned from its previous incarnation as Kraken Sonar Inc. to its current name in September 2017, reflecting its broader focus on robotic technology. This rebranding underscores its headquarters in Mount Pearl, Canada, and its commitment to advancing the field of marine technology through strategic research and development partnerships, such as its agreement with the Naval Undersea Warfare Center Division for advancing synthetic aperture sonar technologies.