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Bullboard - Stock Discussion Forum 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... see more

TSXV:PNG - Post Discussion

Kraken Robotics Inc > Mathieu Martin - Stocks and Stones - The Good, The Bad......
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Post by Possibleidiot01 on Nov 07, 2024 9:55am

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.



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