Catenaa, Sunday, January 18, 2026- KRAKacquisition Corp, a special purpose acquisition company affiliated with crypto exchange Kraken, has filed an S-1 registration with the US Securities and Exchange Commission to raise $250 million through an initial public offering on Nasdaq.
The SPAC plans to sell 25 million units at $10 each. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant.
The company intends to trade under the ticker “KRAQU.” KRAKacquisition was established as a blank check entity to pursue mergers or business combinations but has not yet engaged in discussions with any potential targets.
Tribe Capital and Natural Capital back the SPAC. Ravi Tanaku, co-founder of Natural Capital, serves as CEO and director, while Kraken’s Sahil Gupta will act as CFO.
The company aims to acquire businesses involved in crypto infrastructure, including payment networks and tokenization platforms.
The IPO aligns with Kraken’s broader expansion strategy. Last November, Kraken confidentially filed its own S-1 with the SEC at a $20 billion valuation and finalized the acquisition of tokenized asset issuer Backed Finance.
In 2025, the exchange acquired four additional companies, including U.S. futures platform NinjaTrader for $1.5 billion.
KRAKacquisition’s public offering may provide Kraken with a strategic vehicle to continue ecosystem growth and support its multi-asset platform ambitions.
Kraken-backed SPAC KRAKacquisition files for $250M Nasdaq IPO to target crypto infrastructure firms and support Kraken’s broader ecosystem expansion.
