Kraken Robotics Inc. is trading 9.4% up at $4.70 after announcing it has received full regulatory and stock exchange approval for its planned acquisition of Covelya Group Limited.
- The company confirmed that all necessary approvals are now in place for the purchase of the major underwater technology provider.
- The transformative transaction is officially expected to close on July 2, 2026.
- Investors are reacting positively to the news, which clears the final hurdles for the company's strategic expansion.