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ST. JOHN'S, NL, Oct. 2, 2024 /CNW/ - Kraken Robotics Inc. ("Kraken" or the "Company") (TSXV: PNG) (OTCQB: KRKNF) is pleased to announce that it has amended its agreement with Cormark Securities Inc. to increase the size of its previously announced $25 million "bought deal" public offering to $45 million. Pursuant to the upsized deal terms, Cormark Securities Inc., as lead underwriter, together with a syndicate of investment dealers (the "Underwriters") has agreed to purchase 28,125,000 common shares (the "Common Shares") from the treasury of the Company, at a price of $1.60 per Common Share (the "Offering Price") and offer them to the public by way of short form prospectus for total gross proceeds of $45 million (the "Offering").
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