Kraken Robotics

Not for distribution to United States newswire services or dissemination in the United States ST. JOHN'S, Newfoundland, June 17, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX.V: PNG, OTCQB: KRKNF) announces that it has entered into an agreement with Desjardins Capital Markets, as sole lead underwriter and sole bookrunner, on behalf of syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase 37,600,000 common shares (the "Common Shares") from the treasury of the Company, at a price of $2.66 per Common Share (the "Offering Price") for total gross proceeds of $100,016,000 (the "Offering").» Mehr auf globenewswire.com

The Undercovered Dozen series highlights 12 lesser-covered stocks weekly, providing investment ideas and sparking community discussion on their potential. Featured ideas include Kraken Robotics' explosive growth, Honeywell's value-creating spinoff, and Kimbell Royalty Partners' secure double-digit yield. Several picks, such as Blue Owl Capital and NewLake Capital Partners, offer compelling long-term value despite recent market skepticism or misunderstood risks.» Mehr auf seekingalpha.com

Kraken Robotics is a niche leader in underwater robotics, with cutting-edge sonar and battery technology driving rapid revenue and stock growth. The company benefits from strong geopolitical and energy sector tailwinds, as global naval and offshore wind investments accelerate demand for its products. Kraken's technological edge and broad product applications provide a robust moat and large, expanding addressable market.» Mehr auf seekingalpha.com