October 22, 2024

Cormark Securities Inc. leads $51.75 million bought deal offering for Kraken Robotics

Goodmans LLP acted for the underwriters in connection with a bought deal short form prospectus offering of over 32.3 million common shares of Kraken Robotics Inc. for gross proceeds of C$51.75 million.

Cormark Securities Inc. was the lead underwriter in this offering on behalf of Canaccord Genuity, Beacon Securities, Raymond James Ltd., and Scotia Capital Inc. The underwriters received a cash commission equal to 5.0% 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 $51.75 million bought deal offering for Kraken Robotics

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