A Kraken-linked SPAC has filed to raise $250 million in a Nasdaq IPO, targeting companies across the crypto and digital-asset ecosystem. KRAKacquisition Corp. submitted a registration statement to U.S. regulators on Jan. 12 to offer 25 million units on the Nasdaq Global Market. Each unit will consist of one Class A ordinary share and one-quarter of a redeemable warrant, following the typical SPAC structure. The blank-check vehicle will focus on acquisitions in payments and settlement networks, tokenization platforms, blockchain infrastructure and related financial services, the filing says. The SPAC is sponsored by a Kraken affiliate alongside Tribe Capital and Natural Capital. Sahil Gupta, Kraken’s head of Strategic Initiatives, is named as the SPAC’s chief financial officer. This filing is separate from Kraken’s previously disclosed plans for a direct public listing: the crypto exchange confidentially submitted a draft S-1 to the SEC in November 2025 for a direct listing of its common stock. That registration statement has not been declared effective, meaning any sale of those securities awaits the SEC’s review. Santander is listed as the sole book-running manager for the SPAC offering. As with standard SPAC terms, investors will retain redemption rights if they choose not to approve any eventual merger transaction. Read more AI-generated news on: undefined/news

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