Kraken Robotics Completes $402.5 Million Public Offering

Kraken Robotics Inc. announced on March 12, 2026, the closing of a public offering of subscription receipts for $402.5 million. The company also released its preliminary financial results for the first quarter of 2026, which ended March 31.

Earlier in the year, Kraken Robotics secured significant orders. On April 16, 2026, the company announced $28 million in orders for its SeaPower Battery and Kraken SAS (Synthetic Aperture Sonar). Prior to this, on March 17, 2026, Kraken reported $24 million in defense-related orders.

The company has also been active in its executive appointments. On March 30, 2026, Don Robertson was appointed to the Board of Directors, and John Salama joined as Chief Information Officer. Terra Penrose was hired as Chief People Officer earlier in the year on January 12.

These developments signal continued expansion and investment in Kraken Robotics' underwater robotics and maritime technology capabilities, particularly in the defense and sonar sectors.