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Blank Check Firm Linked to Crypto Exchange Kraken Raises $345 Million in Upsized IPO
Yahoo Finance· 2026-01-30 17:58
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 combi ...
KRAKacquisition Corp Announces Closing of Upsized $345 Million Initial Public Offering and Full Exercise of Over-Allotment Option
Globenewswire· 2026-01-30 12:00
Cheyenne, WY, USA, Jan. 30, 2026 (GLOBE NEWSWIRE) -- KRAKacquisition Corp (the “Company”), a special purpose acquisition company sponsored by an affiliate of Natural Capital, Tribe Capital, and Payward, Inc. (“Kraken”), today announced the closing of its previously announced upsized initial public offering of 34,500,000 units, including an additional 4,500,000 units sold pursuant to the full exercise by the underwriter of its over-allotment option. The offering was priced at $10.00 per unit, resulting in gr ...
KRAKacquisition Corp Announces Pricing of Upsized $300,000,000 Initial Public Offering
Globenewswire· 2026-01-28 00:23
Group 1 - KRAKacquisition Corp announced the pricing of its initial public offering (IPO) of 30,000,000 units at $10.00 per unit, with trading set to begin on January 28, 2026, under the ticker symbol "KRAQU" on Nasdaq [1] - Each unit consists of one Class A ordinary share and one-fourth of a redeemable warrant, allowing the holder to purchase one Class A ordinary share at a price of $11.50 per share [1] - The IPO is expected to close on January 29, 2026, subject to customary closing conditions [1] Group 2 - KRAKacquisition Corp was formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, but has not selected any specific target [2] - Santander is acting as the sole book-running manager for the offering and has been granted a 45-day option to purchase up to 4,500,000 additional units to cover over-allotments [3] Group 3 - A registration statement for the securities sold in the IPO was declared effective by the U.S. Securities and Exchange Commission on January 27, 2026 [5] - The offering is being made only by means of a prospectus, which will be available for free from the U.S. Securities and Exchange Commission website and from Santander US Capital Markets LLC [4]
Kraken-Backed SPAC Files for Nasdaq IPO
Yahoo Finance· 2026-01-13 14:41
Group 1 - KRAKacquisition Corp., a SPAC backed by Kraken, has filed for a $250 million IPO, aiming to enhance its presence in public markets targeting digital asset businesses [1][5] - The SPAC plans to list on the Nasdaq under the ticker symbol "KRAQU" and will offer 25 million units priced at $10 each, with each unit consisting of one Class A ordinary share and a warrant for additional shares [1][2] - The focus of KRAKacquisition Corp. will be on companies within the cryptocurrency ecosystem, including trading, payments, and infrastructure services [2][3] Group 2 - The SPAC structure allows Kraken to bring crypto-focused companies to public markets without a traditional IPO, providing a strategic advantage amid growing competition among exchanges [3][6] - Kraken is also moving towards its own IPO, having submitted confidential paperwork and raised $800 million in a funding round that valued the firm at $20 billion [5] - The naming of KRAKacquisition suggests a connection to Kraken's internal payments product, indicating strong ties between the SPAC and its sponsor [6]
KRAKacquisition Corp(KRAQU) - Prospectus
2026-01-12 22:11
TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on January 12, 2026. Registration No. 333-[•] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 KRAKacquisition Corp (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 6770 98-1875195 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identific ...