[Kraken's SPAC Files for Nasdaq Listing, Aiming to Raise $250 Million] BlockBeats News, January 13 – The U.S. cryptocurrency exchange Kraken is supporting a newly established special purpose acquisition company (SPAC) that plans to go public through a sponsor affiliated with Kraken. The newly formed blank-check company, KrakAcquisition, supported by Kraken, Tribe Capital, and Natural Capital, filed documents with the U.S. Securities and Exchange Commission (SEC) on Monday (January 13). It aims to raise up to $250 million through an initial public offering (IPO). According to the SEC filing, this exempted company, registered in the Cayman Islands in July 2025, plans to issue 25 million shares (at $10 per share) and has applied to list on the Nasdaq Global Market under the ticker symbol "KRAQU." Although the SPAC primarily targets companies in the cryptocurrency infrastructure sector, it has been reported that Kraken separately filed a confidential S-1 form last November, seeking potential IPO opportunities for its common stock.