Overview
- KRAKacquisition proposes 25 million units at $10 each, with each unit comprising one Class A share and one-quarter of a redeemable warrant.
- The SPAC is sponsored by a Kraken affiliate alongside Tribe Capital and Natural Capital, and it is incorporated in the Cayman Islands.
- Santander is named as the sole book-running manager for the offering in the S-1 filing.
- The company plans to list units on the Nasdaq Global Market under the ticker KRAQU, with shares and warrants later trading as KRAQ and KRAQW.
- The vehicle has not selected a merger target and will seek deals across the digital-asset ecosystem, with Sahil Gupta slated to serve as chief financial officer and standard SPAC investor protections including redemption rights outlined.