This story was originally published on BioPharma Dive. To receive daily news and insights, subscribe to our free daily BioPharma Dive newsletter. RA Capital Management has formed a new blank-check entity that it aims to take public and merge with a biotechnology or healthcare company in China. In a securities filing on Tuesday, the prominent venture capital firm outlined plans for its “Research Alliance III” to seek out a “target company” in China — the source of a large and growing number of drug licens ...

🚨 LATEST: Ripple-backed Evernorth files S-4 to go public via SPAC, aiming to become a Nasdaq-listed XRP treasury company. https://t.co/Rki21jwbSf ...

KRAKacquisition Corp. a SPAC associated with the crypto exchange Kraken, is seeking potential acquisition targets with valuations up to $10 billion, though they could be closer to $2 billion. The firm completed an approximately $345 million IPO in January and is targeting crypto-native companies in sectors including stablecoins, asset tokenization, DeFi, and payments. This move comes as Kraken plans to advance its own IPO later this year.https://t.co/Jb3wk94AFD ...

According to Decrypt, KRAKacquisition Corp., a SPAC associated with the crypto exchange Kraken, is seeking potential acquisition targets with valuations up to $10 billion, though they could be closer to $2 billion. The firm completed an approximately $345 million IPO in January and is targeting crypto-native companies in sectors including stablecoins, asset tokenization, DeFi, and payments. This move comes as Kraken plans to advance its own IPO later this year. ...

Core Insights - KRAKacquisition Corp., a SPAC associated with cryptocurrency exchange Kraken, is seeking potential acquisition targets with valuations potentially reaching up to $10 billion, but could also be as low as $2 billion [1] - The company completed an IPO of approximately $345 million in January this year and is currently looking for crypto-native enterprises in areas such as stablecoins, asset tokenization, DeFi, and payments [1] - This initiative coincides with Kraken's plans to advance its own IPO this year [1]

Kraken-Linked SPAC Could Target Crypto Firm Valued at Up to $10 Billionhttps://t.co/UiqHMoG7P5 ...

Group 1 - KRAKacquisition Corp. is a special purpose acquisition company (SPAC) seeking a target potentially valued up to $10 billion, with a focus on firms related to stablecoins and tokenization [1][2] - The SPAC completed a $345 million public offering in January, initiating a two-year period to identify an acquisition target [2] - The estimated target valuation may range closer to $2 billion, indicating interest in small- and mid-cap companies in the crypto and payments sectors [3] Group 2 - KRAKacquisition serves as a strategic investment tool for Kraken, potentially aligning another firm with the exchange through a significant stake [4] - The firm’s registration statement highlights concerns about inflation and suggests that the declining purchasing power of the U.S. dollar has increased the appeal of hard assets like Bitcoin [5] - Kraken is also considering its own public offering, having filed a registration statement with the SEC and recently raised $800 million, valuing the exchange at $20 billion [3]

Core Insights - The primary growth driver for the company was Cohen & Company Capital Markets (CCM), which experienced a revenue increase of 370% year-over-year, now accounting for 67% of total company revenue [1] - The firm maintained a leading position in the SPAC sector, ranking number one in SPAC IPO underwritings and excelling in de-SPAC advisory and PIPE transactions [1] - Management attributed a total revenue increase of 246% to the expansion into frontier technologies, including digital assets, energy transition, and natural resources [1] Operational Efficiency - Operational efficiency reached $2,300,000 of revenue per employee in 2025, supported by a lean workforce of 126 staff members [1] Strategic Initiatives - The company focused on strategic leadership expansion by adding managing directors in high-growth verticals such as aerospace, space technology, and communications infrastructure [1] - The successful closure of the business combination of its sponsored SPAC, Columbus Circle Capital Corp I, contributed $33,000,000 in principal transactions revenue [1]

Chamath has torched an estimated $3–4 billion dollars of retail capital and everyone’s (rightfully) furious.Meanwhile, Tom Lee’s ETH DAT is sitting on ~$7 billion in retail losses and no one bats an eye.Douglas A. Boneparth (@dougboneparth):Why is everyone so mad at Chamath? All he did was lose billions in retail investors’ money by promoting one-pager SPACs. It’s not like he then told them to enjoy their capital losses or anything. Give the man a break. ...

KrakAcquisition Corp $KRAQx is launching on @xStocksFi.A publicly listed SPAC backed by Kraken, @TribeCapital, and Natural Capital, focused on regulated, revenue-generating digital asset and fintech businesses seeking public market access.Available in the Kraken app ⤵️ ...