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Kraken Robotics Inc V.PNG

Alternate Symbol(s):  KRKNF

Kraken Robotics Inc. is a Canada-based marine technology company providing complex subsea sensors, batteries, and robotic systems. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in oceans. The Company operates through two segments: Products and Services. The Products segment is engaged in the design, manufacture and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar and subsea power equipment. Its product business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, SeaPower subsea battery systems and RMDS. The Services segment is involved in the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. Its Services business consists of services provided by robotics as a service (RaaS) portfolio of equipment including its Sub-Bottom Imager, Acoustic Corer and KATFISH.


TSXV:PNG - Post by User

Comment by GetKrakenon Jun 27, 2023 5:29pm
76 Views
Post# 35517239

RE:RE:RE:BREAKING NEWS

RE:RE:RE:BREAKING NEWS yes they did .. but sorry i was wrong it was 2021 .. two years ago.   Time flies when you're having fun!

Share Consolidation
Shareholders are being asked to consider and, if thought advisable, to approve the special resolution set out herein (the “Consolidation Resolution”) authorizing an amendment to the Company’s articles to consolidate its issued and outstanding common shares (the “Share Consolidation”) at a ratio of between two (2) and seven (7) pre-consolidation common shares for every one post-consolidation common share, as may be determined by the Board in its sole discretion (the “Consolidation Ratio”). Subject to the approval of the TSX Venture Exchange (“TSXV”), approval of the Consolidation Resolution by shareholders would give the Board the authority to implement the Share Consolidation and determine the exact Consolidation Ratio, in its sole discretion, at any time within one year of the date of shareholder approval of the Consolidation Resolution. The full text of the Consolidation Resolution approving the proposed Share Consolidation is set out below.
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