Kraken-backed KRAKacquisition Corp completes a $345 million IPO, selling 34.5 million units at $10 each on Nasdaq. Each unit includes one Class A share and one-quarter of a warrant at $11.50. The SPAC will focus on digital asset ecosystem companies, although no specific targets are identified yet. (50 words)

Kraken plans to support KRAKacquisition Corp alongside Tribe Capital and Natural Capital. Founded in 2011, Kraken is a long-standing US-based crypto exchange. The company filed a draft registration statement with the SEC in preparation for a potential IPO. Several digital asset firms, including Ledger and Copper, are exploring IPOs amid the crypto IPO wave. (50 words)

Ledger is reportedly considering a US IPO valuing the company at over $4 billion. Copper is also exploring an IPO after BitGo’s recent NYSE debut. Tokenization platform Securitize reported an 841% revenue increase for the nine months ending September 2025, as it moves towards going public with a Cantor Fitzgerald-backed SPAC. (50 words)

Read more at Cointelegraph: Kraken-Backed SPAC Closes $345M Nasdaq IPO