TechFlow News: On January 30, according to The Block, KRAK Acquisition Corp—a special purpose acquisition company (SPAC) backed by cryptocurrency exchange Kraken—completed a $345 million initial public offering (IPO) and began trading on the Nasdaq Global Market on January 28 under the ticker symbol KRAQU.
KRAK Acquisition Corp was jointly launched by Kraken’s affiliated entities, Natural Capital, and Tribe Capital, with the objective of pursuing future mergers or acquisitions. The company stated that it has not yet identified a specific target nor engaged in substantive discussions with any potential counterparties.
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