Kraken Robotics Inc (KRKNF)

[spec machine]

Probably due to a concern that news of the contract award had leaked before the publication of the PR

If there had been a larger than normal trade volume, it might have led to suspicions of insider trading or people trading on insider tips (same thing really)

Avoid the black clouds of suspicion and the hassle of an investigation

Request a halt before open, put out the PR, resume

Just keeping things fair and avoid losing the trust of current shareholders

It’s also possible that they intended to issue the PR before open but had an error or terminology issue that needed to be sorted out by their legal department

If the news had already spread outside of the company in the overnight hours, it would be a prudent measure to request a halt to ensure a level playing field for traders

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