KRAKacquisition, a blank check company backed by Kraken, Tribe Capital, and Natural Capital, filed on Monday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at $10.00. Each unit consists of one share of common stock and one quarter of one warrant, exercisable at $11.50.
KRAQacquisition is led by CEO and Director Ravi Tanaku, the co-founder and General Partner at Natural Capital. He is joined by CFO Sahil Gupta, the leader of Strategic Initiatives at Kraken. The SPAC plans to target businesses developing the core infrastructure of the digital asset economy, including payment networks, tokenization platforms, blockchain infrastructure, compliance solutions, and other services.
The Menlo Park, CA-based company was founded in 2025 and plans to list on the Nasdaq under the symbol KRAQU. Santander is the sole bookrunner on the deal.
