Kraken Robotics Inc. is launching a public equity offering of 37.6 million common shares at $2.66 per share, for gross proceeds of approximately $100,016,000. The offering is being made under a short form prospectus dated June 30, 2025, and includes an over-allotment option of up to 5.64 million shares which, if fully exercised, would raise gross proceeds to $115,018,400. After underwriting fees, the estimated net proceeds are $96,015,360 (or $110,417,664 with full exercise of the over-allotment).

Desjardins Securities Inc. is acting as sole lead underwriter and bookrunner, joined by Cormark Securities Inc., Scotia Capital Inc., Canaccord Genuity Corp., National Bank Financial Inc., and Raymond James Ltd. Legal counsel for Kraken is Gowling WLG (Canada) LLP, while Goodmans LLP is representing the Underwriters.

Proceeds will fund organic growth, strategic acquisitions—especially in the U.S. and Europe—capital expenditures, inventory supply improvements, and general corporate purposes.

Kraken’s shares closed at $2.92 on the TSXV and US$2.13 (approximately C$2.91) on the OTCQB as of June 27, 2025, using an estimated exchange rate of 1 USD = 1.365 CAD. The TSX Venture Exchange has conditionally approved the listing of the new shares.