Kraken-backed SPAC KRAKacquisition Corp Completes $345 Million IPO

Odaily News KRAKacquisition Corp announced the completion of a $345 million IPO and began trading on Nasdaq. The offering includes 34.5 million units, priced at $10 per unit. KRAKacquisition Corp began trading under the ticker symbol KRAQU on January 28, with each unit consisting of one common share and one-quarter of a redeemable warrant. The project, initiated by Kraken affiliates, Natural Capital, and Tribe Capital, aims to seek future mergers or acquisitions. Currently, the project has not identified a specific acquisition target.