PANews reported on January 30 that, according to The Block, Kraken-backed KRAKacquisition Corp. completed an expanded initial public offering (IPO) to $345 millionPANews reported on January 30 that, according to The Block, Kraken-backed KRAKacquisition Corp. completed an expanded initial public offering (IPO) to $345 million
Kraken-backed SPAC KRAKacquisition Corp. completes $345 million IPO
News Brief
PANews reported on January 30 that Kraken-backed KRAK Acquisition Corp. successfully completed an expanded IPO valued at $345 million following the exercise of its over-allotment option, as noted by The Block. The special purpose acquisition company began trading on Nasdaq on January 28 under the ticker KRAQU. Analysts believe this represents a pivotal moment for the crypto exchange's investment vehicle as it actively pursues potential merger opportunities within the digital asset sector.
PANews reported on January 30 that, according to The Block, Kraken-backed KRAKacquisition Corp. completed an expanded initial public offering (IPO) to $345 million after exercising its over-allotment option. The special purpose acquisition company (SPAC) listed on Nasdaq on January 28 under the ticker symbol KRAQU.
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