May 21, 2024

Cormark Securities Inc. leads $20 million bought deal offering for Kraken Robotics

Goodmans LLP acted for the underwriters in connection with a bought deal short prospectus offering of 21.1 million common shares of Kraken Robotics Inc. for gross proceeds of C$20.1 million.

Cormark Securities Inc. was the lead underwriter in this offering on behalf of a syndicate of underwriters including Beacon Securities Limited, Canaccord Genuity Corp., Echelon Wealth Partners Inc. and Raymond James Ltd. The underwriters received a cash commission equal to 6.0% of the gross proceeds of the offering.

Kraken Robotics is a Newfoundland-based marine technology company with clients across Military and Defense, Offshore Energy and Ocean Exploration markets.

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Cormark Securities Inc. leads $20 million bought deal offering for Kraken Robotics

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Cormark Securities Inc. leads $20 million bought deal offering for Kraken Robotics

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