Blank Check Firm Linked to Crypto Exchange Kraken Raises $345 Million in Upsized IPO [Yahoo! Finance]
KRAKacquisition Corp - Unit (KRAQU)
Company Research
Source: Yahoo! Finance
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 combination with an existing entity, but said it has not yet had any “substantive discussions” with a potential target. “While we may pursue an initial business combination in any business or industry or sector, we intend to concentrate our efforts on companies in the digital asset ecosystem,” the firm wrote in its prospectus filed with the SEC on Thursday. “Our mission is to accelerate the next phase of growth for the teams building the bridge between DeFi and TradFi.” To that end, KRAKacquisition Corp. aims to focus on companies developing infrastructure, with an eye towards payments networks, tokenization platforms, compliance solutions, or other
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KRAQU
News
- KRAKacquisition Corp Announces Closing of Upsized $345 Million Initial Public Offering and Full Exercise of Over-Allotment Option [Yahoo! Finance]Yahoo! Finance
- KRAKacquisition Corp Announces Closing of Upsized $345 Million Initial Public Offering and Full Exercise of Over-Allotment OptionGlobeNewswire
- KRAKacquisition Corp Announces Pricing of Upsized $300,000,000 Initial Public OfferingGlobeNewswire
KRAQU
Sec Filings
- 2/6/26 - Form SCHEDULE
- 2/4/26 - Form 8-K
- 2/3/26 - Form 3
- KRAQU's page on the SEC website