KRAKacquisition Corp has closed its IPO, raising $345 million through the sale of 34.5 million units priced at $10 each. The units are now trading on the Nasdaq under the ticker symbol “KRAQU” and consist of one Class A ordinary share and one-fourth of a redeemable warrant. Once separate trading begins, the shares and warrants will be listed as “KRAQ” and “KRAQW” respectively. The company was formed for the purpose of merging with other businesses but has not yet selected a target. Santander US Capital Markets LLC acted as the sole underwriter for the offering, and a registration statement on Form S-1 has been filed with the SEC.

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