KRAKacquisition Corp (KRAQU) Prices Upsized $300M IPO
KRAKacquisition Corp (NASDAQ:KRAQU) announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KRAQU”, Wednesday, January 28, 2026.
The new SPAC aims to combine with a company operating in the decentralized finance space and bridging it to the traditional finance world.
KRAKacquisition Corp’s management team is led by Chief Executive Officer Ravi Tanuku and Chief Financial Officer Sahil Gupta. The Board also includes independent directors Robert Moore, Boris Revsin, Andrew Artz, Benjamin Davenport, Joshua Rosenthal, and Nikita Sachdev.
Total SPAC deal count for 2026 year-to-date is now 18. This offering is expected to close on Thursday, January 29, 2026.
Santander is acting as the sole book-running manager for the offering. Ropes & Gray LLP is serving as Issuer’s Counsel with AO Shearman serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
