In brief
- A Kraken-affiliated SPAC completed its IPO this week and raised $345 million.
- The firm, KRAKacquisition Corp, is now trading on the Nasdaq as KRAQU.
- It intends to combine or merge with a firm adjacent to digital assets.
KRAKacquisition Corp, a special purpose acquisition company (SPAC) linked to crypto exchange Kraken, raised $345 million in the completion of its upsized IPO this week.
The firm—which trades as KRAQU on the Nasdaq—sold 34,500,000 shares at $10 each, with an additional 4,500,000 shares purchased as part of an overallotment. It initially intended to sell 25 million shares when its registration statement was filed earlier this month.
The “blank check” firm is intended to merge or enter into a business…
Jan 30 2026
