03:27 PM EDT, 06/30/2025 (MT Newswires) -- Kraken Robotics ( KRKNF ) was up more than 5% and had hit fresh 52 week highs at last look on Monday as it filed a final short form prospectus in connection with its bought deal public offering.

The prospectus dated June 30, 2025, was filed with provincial securities commissions (except Quebec) in connection with a bought deal public offering of common shares at $2.66 per common share, for gross proceeds of $100 million through a syndicate of underwriters.

Kraken has granted the underwriters an option to purchase up to an additional 15% of the common shares of the offering on the same terms exercisable at any time up to 30 days following the closing for "market stabilization purposes and to cover over-allotments," if any.

Closing of the offering is expected to occur on or about July 7, 2025, and has been conditionally approved by the Venture Exchange.

The company was trading up $0.155 or 5.3% at $3.075 a share, having touched $3.10.

Price: 3.05, Change: +0.13, Percent Change: +4.45