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AI brief of an SEC Form 8-K · KRAKacquisition Corp (KRAQ)

KRAKacquisition Corp closes $345 million IPO and places proceeds in trust account

Neutral Impact 3 of 5 financing Written later

KRAKacquisition Corp, a blank check company, completed its initial public offering of 34,500,000 units at $10.00 per unit on January 29, 2026, raising $345 million. The proceeds are held in a trust account and can generally not be released until a business combination is completed or public shares are redeemed, with a deadline of 24 months from the IPO closing.

Key points

  • IPO of 34,500,000 units at $10.00 per unit closed January 29, 2026, for $345,000,000 gross proceeds
  • $345,000,000 placed in trust account with Continental Stock Transfer & Trust Company as trustee
  • Company has until January 29, 2028 to complete an initial business combination or face mandatory liquidation
  • Audited balance sheet as of January 29, 2026 shows $1,776,784 cash outside trust and a working capital surplus of $1,322,406

The filing

CompanyKRAKacquisition Corp (KRAQ)
Form8-K, current report
Filed with the SECFeb 4, 2026, 5:19 PM ET
Accession number0001140361-26-003733

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.