Kraken Robotics trading halted pending delisting

1 min read | Published on 02 Jul 2026, 08:25 PM |Updated on 02 Jul 2026, 08:25 PM

Reviewed by

Riya DScanX News Team

Key Highlights

CIRO halted trading in Kraken Robotics Inc. (PNG.R) on July 2, 2026, at 8:21 AM ET due to pending delisting. The halt applies only to the PNG.R symbol, not all issues. CIRO, the national self-regulatory organization, enforces such measures to ensure a fair and orderly market.

*this image is generated using AI for illustrative purposes only.

Kraken Robotics Inc. (TSX-Venture: PNG.R) faced a trading halt at 8:21 AM ET on July 2, 2026, as the Canadian Investment Regulatory Organization (CIRO) paused the stock pending delisting. The halt specifically targets the PNG.R symbol, excluding other issues of the company. CIRO, the national self-regulatory organization overseeing investment dealers and trading activity on Canada's debt and equity marketplaces, imposed the suspension to maintain a fair and orderly market.

Trading Halt Details

The regulatory action stems from a pending delisting, signaling a significant change in the company's listing status. Trading halts are temporary measures designed to ensure market stability and protect investors during periods of material corporate developments.

Detail	Information
Company	Kraken Robotics Inc.
TSX-Venture Symbol	PNG.R
All Issues Halted	No
Reason	Pending Delisting
Halt Time (ET)	8:21 AM
Date	July 2, 2026

Regulatory Context

CIRO retains the authority to suspend trading in securities of publicly-listed companies when necessary. The organization's mandate includes monitoring trading activity and enforcing compliance to uphold market integrity. The halt in Kraken Robotics' shares underscores the regulatory focus on orderly market conduct during delisting proceedings.

What specific reasons led to the decision to delist Kraken Robotics from the TSX-Venture?

How will the delisting impact current shareholders and their ability to trade the stock?

Will Kraken Robotics seek to list on another exchange or transition to over-the-counter trading?

Kraken Robotics adopts new omnibus incentive plan at annual meeting

2 min read | Published on 25 Jun 2026, 02:21 AM |Updated on 25 Jun 2026, 02:21 AM

Reviewed by

Jubin VScanX News Team

Add as a preferred
source on Google

Key Highlights

Kraken Robotics Inc. shareholders approved all proposals at its annual and special meeting held on June 24, 2026, including the adoption of a new omnibus incentive plan and the reappointment of Ernst & Young LLP as auditor. The new plan replaces existing stock option and RSU plans and reserves up to 10% of issued shares for issuance.

*this image is generated using AI for illustrative purposes only.

Kraken Robotics Inc. shareholders approved all proposals at its annual and special meeting held on June 24, 2026, including the adoption of a new omnibus incentive plan and the reappointment of Ernst & Young LLP as auditor. A total of 133,635,867 common shares, representing approximately 43.50% of the Company’s issued and outstanding common shares, were represented in person or by proxy at the meeting.

Voting Results

Shareholders approved the number of directors to be fixed at seven. Each of the seven nominees were elected to hold office until the next annual meeting of shareholders.

Nominee	Votes For	%	Votes Against	%
Shaun McEwan	87,651,666	94.16	5,440,350	5.84
Greg Reid	91,645,123	98.45	1,446,893	1.55
Kim Butler	91,576,751	98.37	1,515,265	1.63
Michael Connor	80,870,581	86.87	12,221,435	13.13
Peter Hunter	91,483,334	98.27	1,608,682	1.73
Kristin Robertson	91,460,104	98.25	1,631,912	1.75
Don Robertson	91,567,719	98.36	1,524,297	1.64

Auditor Reappointment

Shareholders approved the reappointment of Ernst & Young LLP as the Company’s auditor for the ensuing year and authorized the directors to fix the auditor’s remuneration. The proposal received 99.28% of votes for.

Votes For	%	Votes Withheld	%
132,669,667	99.28	966,197	0.72

Omnibus Incentive Plan

Shareholders approved the adoption of the Company’s new omnibus incentive plan, which replaces the existing Stock Option Plan and RSU plan. The plan permits the issuance of options, restricted share units (RSUs), performance share units (PSUs), and deferred share units (DSUs). It is a rolling equity incentive plan reserving for issuance up to 10% of the Company’s issued and outstanding common shares from time to time. The plan remains subject to final TSX Venture Exchange approval.

Votes For	%	Votes Against	%
84,576,140	90.85	8,515,876	9.15

Amended and Restated By-Law

Shareholders confirmed the Company’s amended and restated by-law, which became effective upon approval. The new by-law replaces the previous by-law in place since 2015 and introduces an advance notice requirement for nominations of directors, among other governance measures. The new by-law remains subject to final TSXV approval.