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SPAC Associated with Kraken Plans to List on NASDAQ, Aiming to Raise $250 Million
Summary: According to reports from Theblock, the newly formed Special Purpose Acquisition Company (SPAC) KRAKacquisition Corp submitted an S-1 registration statement to the U.S. SEC on Monday, planning to list on the NASDAQ market under the ticker symbol 'KRAQU'. The announcement stated that the proposed IPO includes 25 million shares with an expected offering price of ...
According to reports from Theblock, the newly formed Special Purpose Acquisition Company (SPAC) KRAKacquisition Corp submitted an S-1 registration statement to the U.S. SEC on Monday, planning to list on the NASDAQ market under the ticker symbol 'KRAQU'. The announcement stated that the proposed IPO includes 25 million shares with an expected offering price of $10. The report noted that the company was established by an affiliate of Kraken and overlaps with Kraken's IPO plans. In November last year, Kraken also submitted an S-1 registration statement draft, with a valuation of $20 billion. Analysts suggest that while the specific target of KRAKacquisition's IPO has not been determined yet, given Kraken's previous acquisitions and its goal of a comprehensive multi-asset financial platform, KRAKacquisition's IPO could become a strategic tool for expanding the Kraken ecosystem.
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Link: SPAC Associated with Kraken Plans to List on NASDAQ, Aiming to Raise $250 Million [Copy]
