SPAC KRAKacquisition prices upsized $300 million IPO, led by Kraken, Tribe Capital, and Natural Capital
RenaissanceCapital·- KRAKacquisition, a SPAC backed by Kraken and others, raised $300 million by offering 30,000,000 units at $10 each, exceeding its initial target of $250 million. - Each unit includes one common stock share and one quarter of a warrant, exercisable at $11.50. - Led by CEO Ravi Tanaku, the SPAC aims to target businesses in the digital asset economy and plans to list on Nasdaq under the symbol KRAQU.