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

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Post by Possibleidiot01on Nov 07, 2024 9:55am

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Post# 36300856

Mathieu Martin - Stocks and Stones - The Good, The Bad......

Kraken Robotics (TSX-V: PNG) released solid news during the month. First, the company announced a $25 million bought-deal financing, which was then upsized to $45 million due to overwhelming investor demand. The deal closed at $51.75 million, including the over-allotment option. It is bullish for Kraken and the microcap asset class in general to see such a strong level of appetite for a financing. The company also announced $13 million in subsea battery orders from existing customers. The stock has been on a tear lately, increasing 14% in October and 208% since the beginning of the year.