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

This action results from the exchange of the receipts for common shares of the company in connection with the closing of the acquisition by the company of all the issued and outstanding shares of Covelya Group Ltd. As a result of the receipt exchange, the trading of the receipts under the ticker PNG.R was 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 news release dated July 2, 2026.