Kraken supports a newly established special purpose acquisition company (SPAC) aiming to raise up to $250 million through an IPO on Nasdaq. The SPAC, KrakAcquisition, co-backed by Tribe Capital and Natural Capital, filed with the SEC to issue 25 million shares priced at $10 each under the ticker 'KRAQU'. Although focused on crypto infrastructure companies, Kraken is also pursuing a separate potential IPO for its common stock.

#SEC