Kraken-Backed SPAC Files for Nasdaq IPO

Kraken-backed SPAC KRAKacquisition Corp. has filed for a $250 million initial public offering. The move represents another effort by the crypto exchange to grow its presence in public markets through a blank-check company targeting digital asset businesses Kraken-Affiliated SPAC Targets Crypto Industry Deals KRAKacquisition Corp., a special purpose acquisition company backed by an affiliate of Kraken, plans to list on the Nasdaq Global Market under the ticker symbol “KRAQU.” The company is registered i ...