Kraken-backed SPAC KRAKacquisition Raises $345M in Upsized IPO, Begins Trading on Nasdaq
KRAKacquisition Corp sold 34.5 million units at $10 each and started trading on the Nasdaq Global Market under ticker KRAQU.
KRAKacquisition Corp completed an upsized $345 million initial public offering, selling 34.5 million units at $10 per unit and surpassing an earlier $250 million target; the units began trading on the Nasdaq Global Market under the ticker KRAQU on January 28 [1][2][3].
Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant, and the offering included 4.5 million units sold through the underwriter’s overallotment option [1][2].
The blank-check company is sponsored by cryptocurrency exchange Kraken alongside Natural Capital and Tribe Capital; the SPAC has not yet named an acquisition target [1][4][3].
The IPO creates a new public vehicle tied to Kraken as the company and its sponsors search for a merger target [4].
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Citations
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- 1Kraken’s SPAC KRAKacquisition Corp Closes $345M IPO, Joins NasdaqBlockonomi• Jan 30, 2026
- 2Kraken-backed KRAKacquisition Corp completes a $345 million IPOCryptopolitan• Jan 30, 2026
- 3Blank Check Firm Linked to Crypto Exchange Kraken Raises $345 Million in Upsized IPODecrypt• Jan 30, 2026
- 4Kraken-backed SPAC raises $345M in upsized Nasdaq IPOCointelegraph• Jan 30, 2026
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