Cormark Securities Inc. leads $20 million bought deal offering for Kraken Robotics

Goodmans LLP acted for Cormark Securities Inc. in connection with a transaction that involved a “bought deal” short form prospectus offering of 21.1 million common shares of Kraken Robotics Inc. for gross proceeds of $20.1 million.

The offering was led by Cormark Securities Inc. as lead underwriter, on behalf of a syndicate of underwriters including Beacon Securities Limited, Canaccord Genuity Corp., Echelon Wealth Partners Inc. and Raymond James Ltd. The Underwriters received a cash commission equal to 6.0% of the gross proceeds of the offering