Kraken-supported SPAC KRAK Acquisition Corp Completes $345 Million IPO and Lists on Nasdaq

BlockBeats News, January 30th, according to The Block, KRAKacquisition Corp, a Special Purpose Acquisition Company (SPAC) supported by the cryptocurrency exchange Kraken, has completed a $345 million initial public offering (IPO) and started trading on the Nasdaq Global Market on January 28th under the ticker symbol KRAQU.

KRAKacquisition Corp was founded by affiliates of Kraken along with Natural Capital and Tribe Capital, with the purpose of seeking future mergers or acquisitions. The company has stated that it has not identified any specific targets yet and has not engaged in substantive discussions with any potential transaction partners.