http://142-54-23-223.fusionmedialtd.com Latest StreetInsider.com News Articles en-us Copyright 2026, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Mon, 20 Jul 2026 06:30:00 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://142-54-23-223.fusionmedialtd.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html <p align="justify">TORONTO, July 20, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce continued momentum with $35 million in new product orders from customers in maritime defense, offshore energy, and ocean science. By technology solution, these orders are across navigation and positioning systems, multi-aperture sonar, positioning, and monitoring systems from Covelya, as well as Synthetic Aperture Sonar (SAS) from Kraken.</p> <p align="justify">“Our product portfolio forms the backbone of a wide range of platforms used across both defence and commercial applications and we expect it to represent over http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html Mon, 20 Jul 2026 06:30:00 -0400 KRKNF O.08266172 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html <p align="justify">TORONTO, July 20, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce continued momentum with $35 million in new product orders from customers in maritime defense, offshore energy, and ocean science. By technology solution, these orders are across navigation and positioning systems, multi-aperture sonar, positioning, and monitoring systems from Covelya, as well as Synthetic Aperture Sonar (SAS) from Kraken.</p> <p align="justify">“Our product portfolio forms the backbone of a wide range of platforms used across both defence and commercial applications and we expect it to represent over http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html Mon, 20 Jul 2026 06:30:00 -0400 KRKNF O.08266172 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html <p align="justify">TORONTO, July 20, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce continued momentum with $35 million in new product orders from customers in maritime defense, offshore energy, and ocean science. By technology solution, these orders are across navigation and positioning systems, multi-aperture sonar, positioning, and monitoring systems from Covelya, as well as Synthetic Aperture Sonar (SAS) from Kraken.</p> <p align="justify">“Our product portfolio forms the backbone of a wide range of platforms used across both defence and commercial applications and we expect it to represent over http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html Mon, 20 Jul 2026 06:30:00 -0400 KRKNF O.08266172 PNG http://www.streetinsider.com/Globe+Newswire/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html <p align="justify">TORONTO, July 20, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce continued momentum with $35 million in new product orders from customers in maritime defense, offshore energy, and ocean science. By technology solution, these orders are across navigation and positioning systems, multi-aperture sonar, positioning, and monitoring systems from Covelya, as well as Synthetic Aperture Sonar (SAS) from Kraken.</p> <p align="justify">“Our product portfolio forms the backbone of a wide range of platforms used across both defence and commercial applications and we expect it to represent over http://www.streetinsider.com/Globe+Newswire/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html Mon, 20 Jul 2026 06:30:00 -0400 KRKNF O.08266172 PNG http://www.streetinsider.com/Globe+Newswire/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html <p align="justify">TORONTO, July 20, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce continued momentum with $35 million in new product orders from customers in maritime defense, offshore energy, and ocean science. By technology solution, these orders are across navigation and positioning systems, multi-aperture sonar, positioning, and monitoring systems from Covelya, as well as Synthetic Aperture Sonar (SAS) from Kraken.</p> <p align="justify">“Our product portfolio forms the backbone of a wide range of platforms used across both defence and commercial applications and we expect it to represent over http://www.streetinsider.com/Globe+Newswire/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html Mon, 20 Jul 2026 06:30:00 -0400 KRKNF O.08266172 PNG http://www.streetinsider.com/Globe+Newswire/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html <p align="justify">TORONTO, July 20, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce continued momentum with $35 million in new product orders from customers in maritime defense, offshore energy, and ocean science. By technology solution, these orders are across navigation and positioning systems, multi-aperture sonar, positioning, and monitoring systems from Covelya, as well as Synthetic Aperture Sonar (SAS) from Kraken.</p> <p align="justify">“Our product portfolio forms the backbone of a wide range of platforms used across both defence and commercial applications and we expect it to represent over http://www.streetinsider.com/Globe+Newswire/Kraken+Robotics+Announces+%2435+Million+in+New+Orders+and+Business+Update/26786640.html Mon, 20 Jul 2026 06:30:00 -0400 KRKNF O.08266172 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html <p>Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) has completed its acquisition of Covelya Group Limited for approximately C$615 million, subject to closing adjustments, the company said in a statement. The purchase price consisted of roughly C$480 million in cash and approximately C$135 million through the issuance of 15,882,352 common shares at C$8.50 per share.</p> <p>The cash portion was funded through net proceeds from a C$402.5 million bought deal public offering of subscription receipts that closed in March 2026, interest earned on those proceeds, and drawings under a new C$125 million non-revolving term credit facility. Kraken also expanded its revolving credit facility http://www.streetinsider.com/Mergers+and+Acquisitions/Kraken+Robotics+closes+%24615M+Covelya+acquisition%2C+raises+2026+outlook/26725063.html Thu, 02 Jul 2026 10:09:35 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html <p align="justify">TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), today announced the closing of its previously announced acquisition of Covelya Group Limited (“Covelya Group”), for approximately $615 million, subject to closing adjustments (the “Acquisition”). Unless otherwise specified, all dollar amounts in this release are denominated in Canadian dollars.</p> <p align="justify"><strong>MANAGEMENT COMMENTS</strong></p> <p>“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Since announcing the transaction, we have received positive feedback from customers who are looking http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html Thu, 02 Jul 2026 10:09:00 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html <p align="justify">TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), today announced the closing of its previously announced acquisition of Covelya Group Limited (“Covelya Group”), for approximately $615 million, subject to closing adjustments (the “Acquisition”). Unless otherwise specified, all dollar amounts in this release are denominated in Canadian dollars.</p> <p align="justify"><strong>MANAGEMENT COMMENTS</strong></p> <p>“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Since announcing the transaction, we have received positive feedback from customers who are looking http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html Thu, 02 Jul 2026 10:09:00 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html <p align="justify">TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), today announced the closing of its previously announced acquisition of Covelya Group Limited (“Covelya Group”), for approximately $615 million, subject to closing adjustments (the “Acquisition”). Unless otherwise specified, all dollar amounts in this release are denominated in Canadian dollars.</p> <p align="justify"><strong>MANAGEMENT COMMENTS</strong></p> <p>“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Since announcing the transaction, we have received positive feedback from customers who are looking http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html Thu, 02 Jul 2026 10:09:00 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html <p align="justify">TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), today announced the closing of its previously announced acquisition of Covelya Group Limited (“Covelya Group”), for approximately $615 million, subject to closing adjustments (the “Acquisition”). Unless otherwise specified, all dollar amounts in this release are denominated in Canadian dollars.</p> <p align="justify"><strong>MANAGEMENT COMMENTS</strong></p> <p>“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Since announcing the transaction, we have received positive feedback from customers who are looking http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html Thu, 02 Jul 2026 10:09:00 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html <p align="justify">TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), today announced the closing of its previously announced acquisition of Covelya Group Limited (“Covelya Group”), for approximately $615 million, subject to closing adjustments (the “Acquisition”). Unless otherwise specified, all dollar amounts in this release are denominated in Canadian dollars.</p> <p align="justify"><strong>MANAGEMENT COMMENTS</strong></p> <p>“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Since announcing the transaction, we have received positive feedback from customers who are looking http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html Thu, 02 Jul 2026 10:09:00 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html <p align="justify">TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF), today announced the closing of its previously announced acquisition of Covelya Group Limited (“Covelya Group”), for approximately $615 million, subject to closing adjustments (the “Acquisition”). Unless otherwise specified, all dollar amounts in this release are denominated in Canadian dollars.</p> <p align="justify"><strong>MANAGEMENT COMMENTS</strong></p> <p>“This acquisition positions Kraken as a global provider of mission-critical, dual-use subsea intelligence solutions,” said Greg Reid, CEO of Kraken Robotics. “Since announcing the transaction, we have received positive feedback from customers who are looking http://www.streetinsider.com/Press+Releases/Kraken+Robotics+Announces+Closing+of+Strategic+Acquisition+of+Covelya+Group+Limited%2C+Updated+2026+Guidance+and+Appointments+to+Executive+Team/26725062.html Thu, 02 Jul 2026 10:09:00 -0400 A.09396462 A.29892195 A.31967290 A.36078215 A.50214632 KRKNF O.00171377 O.00405288 O.02555813 O.08266172 O.22437325 O.55449101 PNG