Kraken Robotics Launches Multi-Million Dollar Offering
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Kraken Robotics Launches Multi-Million Dollar Offering

Kraken Robotics (TSE:PNG) has released an update.

Kraken Robotics Inc. has announced the filing of its final short form prospectus, signaling the upcoming distribution of over 21 million common shares at $0.95 each for a total offering of approximately $20.1 million. This offering is set to close around May 21, 2024, with availability across most Canadian provinces and potentially the United States through private placement. Kraken Robotics is known for its advanced underwater technology solutions, including high-resolution 3D acoustic imaging and robotic systems.

For further insights into TSE:PNG stock, check out TipRanks’ Stock Analysis page.

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