July 07, 2025

Desjardins Capital Markets leads $115 million bought deal offering for Kraken Robotics

Goodmans LLP acted for the underwriters in connection with a bought deal short form prospectus offering of 43.24 million common shares of Kraken Robotics Inc. for gross proceeds of approximately C$115 million.

Desjardins Capital Markets was the lead underwriter in this offering on behalf of Cormark Securities Inc., Scotia Capital Inc., Canaccord Genuity, National Bank Financial Inc. and Raymond James Ltd. The underwriters received a cash commission equal to 4.0% 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.

Goodmans LLP houses a full-service capital markets practice... Among its core strong suits, the group is arguably best known for its strength in SPACs, REITs and IPOs... — The Legal 500 Canada
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A prominent player in REITs and SPAC-related offerings, also bearing an impressive record in cross-border and cannabis-related matters. — The Legal 500 Canada
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A distinguished practice valued for advising major REITs and financial institutions on innovative capital markets transactions. — Chambers Canada
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Clients note the team's "institutional knowledge is very deep" and stated: "It's like they're part of the team they work with. They're extremely responsive." — Chambers Global

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Desjardins Capital Markets leads $115 million bought deal offering for Kraken Robotics

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Desjardins Capital Markets leads $115 million bought deal offering for Kraken Robotics

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