SPAC KRAKacquisition prices upsized $300 million IPO, led by Kraken, Tribe Capital, and Natural Capital

RenaissanceCapital
2026.01.28 13:48
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KRAKacquisition, a SPAC backed by Kraken, Tribe Capital, and Natural Capital, has upsized its IPO to $300 million by offering 30 million units at $10 each, exceeding its initial target of $250 million. Each unit includes one share of common stock and a quarter warrant. Led by CEO Ravi Tanaku and CFO Sahil Gupta, the SPAC aims to invest in businesses within the digital asset economy. Founded in 2025, it plans to list on Nasdaq under the symbol KRAQU, with Santander as the sole bookrunner.