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ST. JOHN'S, NL,  April 25, 2024 /CNW/ - Kraken Robotics Inc. ("Kraken" or the "Company") (TSXV: PNG) (OTCQB: KRKNF) announces that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (the "Underwriters") pursuant to which the Underwriters have agreed to purchase 18,422,000 common shares (the "Common Shares") from the treasury of the Company, at a price of $0.95 per Common Share (the "Offering Price") and offer them to the public by way of short form prospectus for total gross proceeds of $17,500,900 (the "Offering").