On October 26, 2020, Kraken Robotics Inc. (TSXV: PNG) (OTCQB: KRKNF) announced that it had closed its previously announced "bought deal" short form prospectus offering of common shares of the company for gross proceeds of $10,385,000, inclusive of the partial exercise of the over-allotment option. The offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp., on behalf of a syndicate of underwriters including Stifel GMP and Beacon Securities Limited.
Kraken Robotics is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters and underwater robotic systems. The company is headquartered in St. John's, Newfoundland, with offices in Nova Scotia, Ontario, Germany and Massachusetts.
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