Kraken Robotics Inc V.PNG

Alternate Symbol(s): KRKNF

Scientific & Technical Instruments

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.

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Kraken Robotics Inc > Suprised That Kraken Robotics Shares Didn't Take A Beating

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Post by NLMooseon Nov 24, 2023 2:56pm

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Post# 35752043

Suprised That Kraken Robotics Shares Didn't Take A Beating

After Ocean Infinity sold 21,280,000 shares and gave up its significant influence on Kraken at 50 cents a share, I'm surprised that Kraken Robotics didn't take a massive beating.

Usually, when a company sells over 10% of a company's outstanding shares, you create a massive decline in share price.

We are lucky that Kraken Robotics got spared a massive stock decline.

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