Overview
- KRAKacquisition filed an S-1 for a $250 million offering of 25 million units priced at $10 each.
- Each unit comprises one Class A ordinary share plus one-fourth of a redeemable warrant.
- The company expects to list units on the Nasdaq Global Market under the ticker KRAQU.
- Santander is named as the sole book-running manager, and the SPAC is incorporated in the Cayman Islands.
- Proceeds will be placed in a trust with an 18–24 month window to complete a merger, no target selected yet, and the focus spans trading, payments, tokenization, infrastructure, and compliance.