Core Points - Kraken Robotics Inc. has successfully closed an underwritten public offering of 43,240,000 common shares at a price of $2.66 per share, raising gross proceeds of $115,018,400 [1][2] - The offering was led by Desjardins Capital Markets and included a syndicate of underwriters who received a cash commission of 4.0% of the gross proceeds, amounting to $4,600,736 [2] - The net proceeds from the offering will be utilized to support the company's growth as a global prime contractor, including enhancing acquisition capabilities, improving balance sheet strength for bidding on larger contracts, and for general corporate purposes [3][4] Company Overview - Kraken Robotics is focused on transforming subsea intelligence through advanced technologies such as 3D imaging sensors, power solutions, and robotic systems [6] - The company offers products like synthetic aperture sonar and LiDAR systems, which provide high-resolution insights into ocean safety and infrastructure [7] - Kraken is headquartered in Canada and operates in over 30 countries, supporting a diverse range of clients [7]

Core Viewpoint - Kraken Robotics Inc. has filed a final short form prospectus for a bought deal public offering of common shares at a price of $2.66 per share, aiming for gross proceeds of $100,016,000 [1][2]. Group 1: Offering Details - The offering will be conducted in all provinces of Canada except Quebec and may also be offered in the United States on a private placement basis [1]. - The underwriters, led by Desjardins Capital Markets, have an option to purchase an additional 15% of the common shares for market stabilization purposes [1]. - The expected closing date for the offering is around July 7, 2025, with conditional approval from the TSX Venture Exchange [2]. Group 2: Company Overview - Kraken Robotics Inc. is a marine technology company specializing in subsea sensors, batteries, and robotic systems, providing high-resolution 3D acoustic imaging solutions [5]. - The company is headquartered in Canada and has a presence in North and South America as well as Europe, recognized as a Top 100 marine technology company by Marine Technology Reporter [5].

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Wall Street rallied significantly on May 12 following positive news related to a tariff and trade deal between the United States and China. U.S. stock markets have faced massive volatility ever since President Donald Trump imposed a 10% baseline tariff on each and every country with which it trades. Tariff rates were much higher for several major trading partners of the United States. U.S. technology behemoths, especially artificial intelligence (AI) giants, depend on a cheaper source of imports for high-en ...

COSM is internationally recognized as one of the foremost meetings globally for the otolaryngology-head and neck surgery community. By convening multiple leading otolaryngology societies, the conference serves as a comprehensive academic platform dedicated to disseminating cutting-edge research, delivering advanced clinical education, and fostering collaboration among specialists to enhance patient care in head and neck medicine and surgery. Baird Medical's participation in COSM highlights the expanding app ...

Stryker Corporation (SYK) reported first-quarter 2025 adjusted earnings per share (EPS) of $2.84, which beat the Zacks Consensus Estimate of $2.73 by 4%. The bottom line also improved 13.6% year over year. Our model estimate for the metric was pegged at $2.77 per share.GAAP EPS was $1.41, down 17.6% from the year-ago quarter’s level. The significant decline was primarily due to the impact of the Inari Medical acquisition and higher interest expenses. (Find the latest EPS estimates and surprises on Zacks Ear ...

SAN JOSE, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- PROCEPT BioRobotics (Nasdaq: PRCT) (the “Company”), a surgical robotics company focused on advancing patient care by developing transformative solutions in urology, announced today that members of management will present at four upcoming investor conferences in May and June. 2025 Bank of America Health Care Conference Location – Las Vegas, NVFireside Chat – Wednesday, May 14 at 3pm PT / 6pm ET 45th Annual William Blair Growth Stock Conference Location – ...

The program, led by Dr. Emad Kandil, Professor and Ellis Hanna Chair in Surgery at Tulane University School of Medicine, provided specialized training to Dr. Shahzad Ahmad, a distinguished endocrinologist and thyroid specialist from Salt Lake City. As a founding member and Treasurer of the North American Society of Interventional Endocrinology (NASOIE), Dr. Ahmad brings extensive experience in thyroid ablation techniques. During the training, Dr. Ahmad observed four live MWA procedures, evaluating the techn ...