Kraken-Backed SPAC Files with SEC for Nasdaq Global Market IPO, Seeks Up to $250 Million

Kraken Acquisition, a blank-check company backed by U.S. crypto exchange Kraken, Tribe Capital, and Natural Capital, filed with the SEC on Jan. 13 for an initial public offering seeking up to $250 million, BlockBeats reports. The Cayman Islands-registered SPAC plans to list on the Nasdaq Global Market under ticker KRAQU, offering 25 million units at $10 per share. The vehicle targets businesses in crypto infrastructure, while Kraken separately filed a confidential S-1 in November for a potential IPO of its common stock.