Kraken-backed SPAC KRAKacquisition Corp. completes $345 million IPO

Odaily Planet Daily reports that KRAKacquisition Corp. has announced the completion of its $345 million IPO and commenced trading on Nasdaq. The offering comprised 34.5 million units, priced at $10 per unit. KRAKacquisition Corp. began trading on January 28 under the ticker symbol KRAQU. Each unit consists of one common stock and one-quarter redeemable warrants. The project, initiated by Kraken affiliates, Natural Capital, and Tribe Capital, aimed to pursue future mergers or acquisitions. Specific acquisition targets have not yet been identified.