SPAC KRAKacquisition files for a $250 million IPO, backed by Kraken, Tribe Capital, and Natural Capital
January 28, 2026 News
SPAC KRAKacquisition prices upsized $300 million IPO, led by Kraken, Tribe Capital, and Natural Capital
KRAKacquisition, a blank check company backed by Kraken, Tribe Capital, and Natural Capital, raised $300 million by offering 30,000,000 units at $10. The SPAC had originally filed on January 12, 2026 to raise $250 million; at pricing it raised 20% more in IPO proceeds than anticipated. Each unit consists of one share of common stock and one quarter of one warrant, exercisable at $11.50.
IPO Overview
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.
About the Company
We are a blank check company incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination in any business or industry or sector, we intend to concentrate our efforts on companies in the digital asset ecosystem. Our mission is to accelerate the next phase of growth for the teams building the bridge between DeFi and TradFi. We expect to focus on companies developing the core infrastructure of the digital asset economy—payment networks, tokenization platforms, blockchain infrastructure, compliance solutions, and other essential services. While we retain flexibility to pursue opportunities in any sector, we believe the most transformative opportunities lie in the convergence of DeFi and TradFi. We believe the most attractive targets will share certain characteristics: Innovative technology with clear use cases and organic growth potential; Differentiated approach capable of disrupting incumbent financial or technology systems; Strong regulatory alignment and ability to operate within evolving policy frameworks; Exceptional leadership teams with a track record of execution, among other characteristics.