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Kraken Robotics Inc. 
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BULLETIN V2026-2199
KRAKEN ROBOTICS INC. ("PNG.R")
BULLETIN TYPE: Delist - Subscription Receipts
BULLETIN DATE: July 2. 2026
TSX Venture Tier 2 Company

Effective at the close of business on Friday, July 3, 2026, the subscription receipts (the "Receipts") of Kraken Robotics Inc. (the "Company") will be delisted from TSX Venture Exchange (the "Exchange").

This action results from the exchange of the Receipts for common shares of the Company (the "Receipt Exchange") in connection with the closing of the acquisition by the Company of all the issued and outstanding shares of Covelya Group Limited. As a result of the Receipt Exchange, the trading of the Receipts under the ticker "PNG.R" has been halted on July 2, 2026 and there will be no further trading of the Receipts on the Exchange.

Each Receipt will be converted into one common share of the Company.

For further information, please refer to the Company's press release dated July 2, 2026.
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