On Tuesday, Kraken Robotics issued a press release about their successful demonstrations at REPMUS, while we saw this on their LinkedIn before, it was nice to see such an optimistic press release. For those who missed it, Kraken had shown success at REPMUS, an international NATO exercise that is held annually. It is focused on Robotic Experimentation and Prototyping with Maritime Unmanned Systems. Kraken collaborated with several navies and AUV manufacturers, including Anduril. There was also a shocking stock movement in the European exchange, where Kraken trades under 2KQ. The stock was down ~38% at one point here, on low volume in an illiquid exchange though, so it did not hold into the more liquid US and CA market session.
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The stock ended the day down a bit without major bad news and caused a lot of confusion as the US and EU tickers ended the day down slightly, where the Canadian ticker was up ~10%. This was due to the Canadian ticker not trading on Monday, it was merely catching up to where it should have been due to the Monday gains. the Cantech Letter also revealed their award winners, where Kraken Robotics was nominated for the TSX-Venture Tech Stock of the Year award. Although Kraken did not win this prize (losing to Topicus
$TOI), it is worth noting that they described Kraken as a TSX stock and not a TSXV stock. This might have been a simple mistake, but with the management confirming on the last earnings call that an uplifting would be in the works soon, it is certainly worth noting this interesting detail.
cantechletter.com/2025/10/ca…