KRAQ SEC filings, in plain English
Everything KRAKacquisition has filed with the SEC that we hold — 28 filings, newest first, 26 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A routine compliance exhibit — a Schedule 13G/A amendment to a beneficial ownership report filed by Meteora Capital, LLC. The excerpt identifies only the filing instrument, the reporting entity, and standard SEC identifiers. It discloses no amended share percentages, acquisition or disposition details, control alterations, or amendment purposes. Nothing in the text references redemption mechanics, trust value adjustments, extension proposals, deal timelines, or sponsor conduct. Why it matters: Thirteen-G/A amendments signal institutional stake shifts above the five-percent reporting threshold, which investors monitor for potential alignment or divergence ahead of business combination votes or extension waivers. Because this excerpt omits the actual amendment figures, transaction timestamps, and any statements regarding target identification, partnership development, revenue projections, litigation exposure, or leadership changes, it yields no substantiated insight into KRAQ’s search progress or capital preservation strategy. Every identified fact and omission is attributed directly to the provided filing excerpt.
What changed: Quarterly report (Form 10-Q) for the period ended June 30, 2026 — the SPAC's first such filing after its January 2026 IPO; standard narrative and financial statements for a newly public blank-check company with no operations, no target identified, no business combination agreement signed. This is the SPAC's first 10-Q — every number shown is a new baseline. The IPO closed on January 29, 2026; trust held $349.9 million, all in U.S. Treasury/money-market securities, as of June 30, 2026. Redemption value per share in trust is $10.14; working capital outside trust is $746,553. No subsequent events requiring adjustment or disclosure were identified after the balance-sheet date. No extension has been sought. No deal announcement is disclosed. Why it matters: This filing establishes the trust per-share value ($10.14) and the deadline (January 29, 2028). The advisory-fee payable ($10.35 million) and deferred-underwriting fee payable ($10.35 million) are recorded but will be due only if a deal closes. The net loss for the six months was $6.1 million, driven by $11.2 million of general and administrative expenses (primarily IPO-related costs). The statement of cash flows shows $344.8 million deposited into trust. No material litigation, no default, no change in internal control, and no insider trading arrangements were adopted or terminated. For sponsors: all 8.625 million founder shares are vested (over-allotment exercised).
What changed vs 2026-05-15trust $347.0M → $349.9M +1%trust account, combination deadline, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $347.0M$349.9M
- Combination deadline
- 2028-01-29 · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $2,915,707 was added to the trust between the two filings.
The clause …“816,200 44,147 Prepaid insurance - Non-Current 40,405 - Marketable securities held in Trust Account 349,914,828 - Deferred offering costs - 436,015 TOTAL ASSETS $ 350,771,433 $ 480,162 LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by January 29, 2028. F-9 Index KRAKACQUISITION CORP NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS JUNE 30, 2026 NOTE 2. SUMMARY OF”…
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 34,500,000 shares subject to possible redemption) June 30, 2026 and December 31, 2025 - - Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 10-Q (unaudited quarterly report). Initial post-IPO filing; trust account established at $346,999,121 ($10.06 per share), working capital surplus of $778,481, net loss of $8.91 million from $10.97 million in G&A expenses, advisory fee liability of $10.35 million recorded, and 1,125,000 forfeitable founder shares released upon full over-allotment exercise. Why it matters: This is the first quarterly report since the January 2026 IPO, establishing baseline trust value and run-rate cash burn. The $10.06 per-share trust value exceeds the $10.00 redemption floor; the $10.35 million advisory fee payable signals a sizable transaction-cost overhang; the absence of any business-combination announcement or extension vote means the ticking clock continues toward the January 2028 deadline.
What changed: A routine compliance exhibit: a Schedule 13G beneficial ownership report filed by Meteora Capital, LLC regarding KRAQ. According to the filing header, Meteora Capital, LLC submitted a Schedule 13G. The provided text contains no share quantities, acquisition dates, transaction prices, voting percentages, or purposes of purchase. Consequently, the excerpt discloses no mechanical impact on KRAQ’s SEARCHING status, its stated $10.14 trust per share, its 2028-01-29 deadline, redemption behavior, extension triggers, or sponsor conduct. Why it matters: Per the filing designation, a Schedule 13G typically indicates that an entity has either newly crossed a statutory reporting threshold or amended a prior passive-position report, which can eventually influence shareholder liquidity calculations and negotiation dynamics once a de-SPAC target is identified. Because the excerpt omits the actual percentage holdings, effective dates, and investment intent statements required to evaluate redemption pressure or trust-preservation strategies, neither deal progress nor sponsor accountability can be assessed. No claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel appear in the supplied text.(flagged for human review)
What changed: A routine compliance exhibit / Schedule 13G beneficial ownership report accompanied by Exhibit 99.1, a Joint Acquisition Statement pursuant to SEC Rule 13d-1(k). Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross filed a joint acquisition statement confirming that the Schedule 13G covers their aggregated beneficial ownership of KRAQ securities. The undersigned acknowledge that all future amendments will be filed jointly on behalf of each party without requiring additional joint statements, and each individual accepts sole responsibility for the accuracy and completeness of their own disclosed data, explicitly disclaiming liability for the others' information unless they know or have reason to believe it is false. The filing text contains zero references to the SPAC's target identification, merger agreement execution, redemption deadline mechanics, trust account funding or per-share accounting, extension vote thresholds, or sponsor governance and past deal performance. Why it matters: Investors tracking redemption schedules, trust distributions, extension timelines, business combination progress, and sponsor reliability receive no operational or structural updates from this filing. It solely establishes procedural rules for ongoing Section 13(d) reporting among three named entities. Because it does not disclose share accumulation beyond the baseline 13G threshold, warrant conversions, forward purchase agreements, or tender solicitations, it carries no bearing on the January 29, 2028 termination window, the actual cash held per public share, or any anticipated capital raise preceding a de-SPAC transaction. The absence of commercial or strategic assertions means the filing does not alter existing market pricing inputs or shareholder voting calendars.
What changed: KRAKacquisition Corp's annual report on Form 10-K for fiscal year ended December 31, 2025, filed March 30, 2026 — a newly public blank-check/SPAC shell still searching for an initial business combination, covering pre-IPO inception and the January 2026 IPO as a subsequent event. No business combination was announced; the SPAC remains in searching status. The filing formalizes the January 29, 2026 IPO of 34,500,000 units at $10.00 per unit, including full exercise of the over-allotment, with $345,000,000 placed in trust, 2,250,000 private placement warrants sold to the sponsor for $2,250,000, and 8,625,000 founder shares outstanding with none subject to forfeiture. It confirms a 24-month completion deadline of January 29, 2028, and details redemption/liquidation mechanics: redemptions by tender offer or shareholder vote at trust value, a 15% excess-share redemption cap if the vote route is used, no specified maximum redemption threshold, sponsor/insider waivers of redemption and liquidation rights on founder shares, and liquidation at approximately $10.00 per public share plus interest less permitted withdrawals and up to $100,000 of dissolution expenses. Why it matters: This is the first 10-K and the baseline document for KRAQ's redemption calendar and trust economics. Investors can confirm the per-share trust amount, the exact deadline, the absence of any announced target, redemption procedures — including the possible tender-offer route without a shareholder vote — the 15% cap on any single holder's redemption in a vote scenario, sponsor conflicts, and the presence of Meteora Capital as a 5.86% holder (2,527,282 Class A shares) that could influence redemption dynamics. It also discloses $10,350,000 of deferred underwriting commissions and a $10,350,000 Santander advisory fee payable at closing, both of which affect deal economics.
What changed: Form 8-K current report accompanied by Exhibit 99.1, a press release from KRAKacquisition Corp announcing the elective separate trading of its class A ordinary shares and warrants. As stated in the press release, holders of units sold in the initial public offering may elect to separately trade the included class A ordinary shares and redeemable warrants commencing March 20, 2026. Separation requires investors to instruct their brokers to contact Continental Stock Transfer & Trust Company. The filing specifies that no fractional warrants will be issued and only whole warrants will trade. Unseparated units will continue trading on the Nasdaq Global Market under the symbol KRAQU, while separated shares and warrants will trade under symbols KRAQ and KRAQW. Each whole warrant is exercisable for one class A ordinary share at an exercise price of $11.50. This administrative listing change alters securities liquidity and trading structure but does not modify the redemption procedures, the business combination deadline of January 29, 2028, the per-share trust value of $10.14, or any extension mechanisms. Why it matters: The mechanical separation impacts secondary market pricing, valuation discovery between equity and leverage components, and shareholder exit flexibility ahead of a potential merger. Because the press release confirms the company remains in a SEARCHING phase with no selected business combination target, the filing carries no deal-progression or sponsor-extension signaling. On corporate structure and partnerships, the press release attributes sponsorship to an affiliate of Natural Capital, Tribe Capital, and Payward, Inc. (Kraken). For prospectus distribution, the filing points to Santander US Capital Markets LLC at 437 Madison Avenue, New York, NY 10022, reachable at 833-818-1602 or equity-syndicate@santander.us. Public relations inquiries are directed to Conor McLarnon (+44 7749 080 683, Conor@lunapr.io). The current report was executed by Chief Executive Officer Ravikant Tanuku on March 19, 2026.
What changed: Schedule 13G beneficial ownership report. The filing text identifies Meteora Capital, LLC as the reporting holder. Why it matters: The provided excerpt contains no numerical disclosures, percentage thresholds, or transaction details regarding share accumulation, redemption mechanics, trust fund status, extension procedures, deal progress, or sponsor conduct. No factual claims concerning customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel are present or attributed to any party in the supplied text.
What changed: Form 8-K current report announcing the consummation of an initial public offering and filing an audited balance sheet. Per the filing, KRAKacquisition Corp’s IPO closed on January 29, 2026, selling 34,500,000 units at $10.00 per unit and 2,250,000 private placement warrants to NCTK Sponsor LLC at $1.00 per warrant. The Company deposited $345,000,000 into a trust account with Continental Stock Transfer & Trust Company, establishing an initial redemption value of $10.00 per public share. Management states the Combination Period terminates on January 29, 2028, 24 months from the IPO close. Any extension beyond 24 months requires a shareholder vote and triggers pro rata redemption rights at the per-share trust account balance. NCTK Sponsor LLC agreed to indemnify the trust against third-party claims that would reduce the balance below the lesser of $10.00 per public share or the actual liquidation amount, net of taxes and up to $100,000 for liquidation costs. Santander US Capital Markets LLC will waive its right to $10,350,000 in deferred underwriting fees if no business combination occurs, returning those funds to the trust. The Company holds $1,776,784 outside the trust for working capital. Why it matters: This filing locks the redemption deadline to January 29, 2028, initiating the standard 24-month search window. The audited balance sheet, reviewed by WithumSmith+Brown, PC, confirms total liabilities of $21,154,378, including $10,350,000 owed to Santander under a 3.00%-of-gross-proceeds advisory engagement letter and $10,350,000 in deferred underwriting compensation, both payable only upon deal completion. Management represents a working capital surplus of $1,322,406 and cites $17,370 due from the Sponsor, asserting liquidity supports one year of operations despite prior going-concern doubts. The charter mandates targeting businesses with combined fair market values of at least 80% of the trust account (excluding deferred discounts and tax obligations) and notes the Cayman Islands entity faces no U.S. or local income tax obligations. CEO Ravikant Tanuku signed the report, confirming no operating revenues or customers exist as all activity centers on IPO execution and organizational formation.
What changed: Form 3 — insider ownership report. Nothing altered regarding redemption deadlines, trust value per share, extension mechanisms, merger deal progress, or sponsor conduct. The filing explicitly states that director Sachdev Nikita reported no non-derivative transactions or holdings. Why it matters: This submission contains no claims about customer acquisition, revenue, market size, operational strategy, technology development, partnership agreements, litigation exposure, or executive personnel changes. The sole disclosure—that insider equity positions remain static—is attributable directly to the Form 3 filing submitted by reporting person Sachdev Nikita. Because it records zero position adjustment, it provides no forward signal regarding new capital deployment into the trust, private securities conversions, warrant exercises, or sponsor liquidity events. Investors tracking pre-combination alignment or potential margin-linked leverage should monitor subsequent Forms 4 or 5 rather than reading mechanical significance into this administrative registration.
What changed: 8-K filed by KRAKacquisition Corp to report the completion of its initial public offering on January 29, 2026, including the entry into underwriting, trust, warrant, and other agreements, and the related private placement. The SPAC completed its IPO of 34,500,000 units at $10.00/unit, generating $345,000,000 gross proceeds deposited in trust ($10.00 per share). The over-allotment option was fully exercised. Sponsor purchased 2,250,000 private placement warrants at $1.00 each. The deadline to complete a business combination is 24 months from closing (January 29, 2028). Board of directors was appointed, and the Second Amended and Restated Memorandum and Articles of Association were adopted. Why it matters: Establishes the baseline trust value of $10.00 per share and the 24-month deadline for redemption mechanics. Investors now have the trust value and terms for potential redemption. The filing also confirms the sponsor's lock-up and voting agreements, which affect governance. Any future deal will need to meet the 80% of trust assets threshold and require unanimous board approval (with conflicted directors recused).
What changed: Final prospectus (424B4) for the initial public offering of KRAKacquisition Corp, a blank check company formed by Kraken, Tribe Capital, and Natural Capital to acquire a business in the digital asset ecosystem. The offering is 30,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-fourth of one warrant. This document establishes the IPO terms and all SPAC mechanics for KRAQ. Key terms: $300 million trust ($10.00 per share), 24-month deadline from closing (January 29, 2026), no minimum redemption threshold, 15% aggregate redemption limit per group, sponsor holds 19.7% of shares via founder shares purchased for $0.0029 each, sponsor also purchases 2.25M private placement warrants at $1.00 each. Redemption rights upon business combination at trust value per share. Extensions require shareholder vote with redemption rights. No target selected; focus on digital asset infrastructure. Why it matters: This is the foundational document for the SPAC. Investors need to know the trust value ($10.00 per share initially, may grow with interest), the deadline (24 months from Jan 29, 2026), the sponsor's low-cost founder shares creating alignment/incentive issues, the lack of a minimum redemption threshold, and the redemption mechanics. The involvement of Kraken, Tribe, and Natural Capital adds credibility but also potential conflicts. The document also details warrant terms, dilution, and sponsor compensation. This filing is material for all future tracking of KRAQ's progress.
What changed: A Form S-1MEF filed with the SEC on January 27, 2026, operating as a Rule 462(b) registration statement that adds 5,750,000 units (including 750,000 units subject to a 45-day over-allotment option) to an already effective S-1 (File No. 333-292681). Each unit consists of one Class A ordinary share with $0.0001 par value and one-fourth of one warrant, with each whole warrant carrying a $11.50 per share exercise price. No amendments to redemption deadlines, trust account balances, extension mechanisms, business combination targets, or sponsor conduct are disclosed. The filing exclusively registers incremental IPO inventory and incorporates by reference the entirety of the prior S-1 filed January 12, 2026, confirming that baseline SPAC mechanics, shareholder redemption rights, and trust administration provisions remain completely unchanged. Why it matters: Through signing officers including Chief Executive Officer Ravikant Tanuku and Chief Financial Officer Sahil Gupta, and directors Boris Revsin, Robert Moore, Andrew Artz, Benjamin Davenport, Joshua Rosenthal, and Nikita Sachdev, the registrant confirms the preservation of the full over-allotment mechanism, raising the total registered unit capacity by exactly 5,750,000 units. Opinions from Ropes & Gray LLP and Maples and Calder (Cayman) LLP, alongside accountant consents, validate the issuance. The document contains no transaction updates, valuation shifts, or governance changes; it serves solely to clear regulatory steps for continuous sales under the existing framework without altering trust distributions or deal timelines.
What changed: SEC Form 8-A/A Amendment No. 1 for Registration of Certain Classes of Securities Pursuant to Section 12(b) of the Securities Exchange Act of 1934, functioning as a routine exchange listing notification rather than a substantive corporate or transactional announcement. The filing registers three instrument classes: units comprising one class A ordinary share and one-fourth of one redeemable warrant; class A ordinary shares carrying a par value of $0.0001 per share; and redeemable warrants granting an exercise price of $11.50 per whole warrant for one class A ordinary share. The registrant incorporates by reference the security descriptions from Registration Statement File No. 333-292681, originally filed January 12, 2026, and confirms that no additional exhibits are required because no other securities are registered on The Nasdaq Global Market and the registration does not fall under Section 12(g). Chief Executive Officer Ravikant Tanuku executed the document on January 27, 2026, from the principal executive offices at 1455 Adams Dr #1630, Menlo Park, CA 94025, under the Cayman Islands jurisdiction and I.R.S. Employer Identification Number 98-1875195. The document contains zero commentary on the ongoing search period, trust account valuation, shareholder redemption thresholds, business combination execution, extension voting mechanics, or sponsor governance behavior. Why it matters: For investors monitoring redemption calendars, trust sufficiency, and extension triggers, this filing delivers no schedule adjustments or capital preservation covenants; the termination window and existing trust allocations remain procedurally undisturbed. From a mechanical standpoint, the explicit declaration of the $11.50 warrant strike and the one-fourth warrant-per-unit ratio permanently anchors the derivative component’s pricing architecture for all subsequent secondary market trading, dilution modeling, and potential cashless exercise calculations. The omission of any target identification, pipeline development, or partner disclosure reinforces that the sponsor retains full discretion over acquisition timing, while the sole executive signature confirms administrative continuity during the pre-deallocation phase.
What changed: A routine compliance exhibit classified as a Form 3 insider ownership report. The filing discloses no non-derivative transactions or holdings adjustments for director Robert Matthew Moore. It contains no amendments to the 2028-01-29 completion deadline, no changes to the reported $10.14 trust per share, and no updates regarding business combination search progress, target candidates, or sponsor conduct. Why it matters: Investors monitoring redemption windows, trust preservation mechanics, and extension probabilities receive no actionable signal from this submission. Because the director reported zero non-derivative purchases or dispositions, the filing does not indicate altered conviction in the $10.14 per-share trust floor or the viability of completing a merger prior to the 2028-01-29 cutoff. The document makes no claims about target pipelines, customer contracts, revenue projections, market sizing, technology roadmaps, partnership terms, or litigation exposure, leaving all prior timeline assumptions and capital structure metrics untouched.
What changed: SEC Form 3 insider ownership report filed by issuer KRAKacquisition Corp to disclose initial equity holdings and transactions by reporting director Joshua Reed Rosenthal. Per the Form 3 filing, no non-derivative transactions or holdings were reported for the director. This disclosure leaves the SPAC’s SEARCHING status, its $10.14 trust per share, its 2028-01-29 business combination deadline, and any pending merger negotiations or extension proposals entirely unchanged. Why it matters: For investors tracking sponsor conduct and trust preservation ahead of the January 2028 deadline, the filing confirms the reporting director holds no reportable equity positions and has not modified a stake during the covered period. Because the director disclosed zero positions, there is no immediate dilution risk, no shift in insider voting leverage, and no indication of deal readiness or redemption pressure. The document functions as a routine compliance checkpoint rather than a catalyst for investor action or liquidity events.
What changed: SEC Form 3 — Initial Statement of Beneficial Ownership (insider ownership report). Director Revsin Boris reported no non-derivative transactions or holdings as of the 2026-01-27 filing date. There were no equity movements, no alterations to the capital table, and no updates to the SEARCHING timeline, trust fund mechanics, redemption exposure, or sponsorship conduct. Why it matters: For investors tracking the $10.14 trust/share level and the 2028-01-29 deadline, a zero-transaction Form 3 functions as a routine maintenance checkpoint confirming stable insider alignment. Director Revsin Boris’s report indicates no near-term dilution risk from insider accumulation, no defensive selling that could depress market price ahead of a potential merger vote, and no leadership vacancy that might disrupt the capital formation process. While the filing contains no operational metrics, customer claims, or deal milestones, its clean line provides negative assurance on sponsor conduct and capital table integrity until a target combination is announced and specific redemption/warrant mechanics are disclosed in subsequent registration or proxy materials.
What changed: A Form 3 initial acquisition report of beneficial ownership. Per the filing text, reporting person Artz Andrew Blake (director) has no non-derivative transactions or holdings reported. Accordingly, the submission contains no procedural changes to the redemption calendar, trust account composition, extension voting mechanism, target acquisition progress, or sponsor and director conduct protocols. Why it matters: The SEC document explicitly attributes the absence of equity movement to the reporting officer, confirming that executive behavior did not alter capital structures or liquidation dynamics. For investors tracking the SPAC, this compliance exhibit verifies that the trust balance remains untouched by insider activity, the SEARCHING mandate continues unchanged, and no dilution or governance thresholds were breached. While routine, such filings definitively close the reporting window for the period, assuring stakeholders that redemptions and sponsor actions operate solely on publicly available terms rather than undisclosed executive positioning.
What changed: SEC Form 3 insider ownership report. In its own terms, this is a routine compliance exhibit submitted to catalog initial insider equity positions. Regarding mechanics, the reporting person, Chief Financial Officer Sahil Gupta, explicitly discloses 'No non-derivative transactions or holdings reported' in filing 3 dated 2026-01-27 (accession 0001140361-26-002575), meaning there are no executive purchases, sales, or derivative exercises to factor into redemption or pricing models. Consequently, the published trust/share value of $10.14, the SEARCHING organizational status, and the 2028-01-29 liquidation deadline advance without alteration. Regarding other substance, the document contains no forward-looking statements, customer metrics, revenue figures, market size estimates, technology roadmaps, partnership announcements, litigation details, or personnel changes; it is strictly a static regulatory snapshot. This matters because the absence of insider position changes establishes a transparent baseline for tracking sponsor conduct and removes executive trading variables from the redemption equation while the SPAC remains in the SEARCHING phase heading toward the 2028-01-29 deadline. Why it matters: Investors monitoring extension timelines, trust yield, and deal catalysts should view this as a confirmed procedural checkpoint rather than a market mover, preserving the current $10.14 trust/share anchor until disclosed operational or transactional developments emerge.
What changed: Form 3—Statement of Changes in Beneficial Ownership, filed as a routine SEC insider ownership report for KRAKacquisition Corp, with director Benjamin Peter Davenport listed as the sole reporting person. The filing reports zero non-derivative transactions or holdings for Director Davenport. There are no alterations to insider equity positions, and the document contains no information affecting the January 29, 2028 redemption deadline, the $10.14 trust per share value, extension mechanics, merger development, or sponsor conduct. Why it matters: During the SEARCHING phase, a null-reporting Form 3 confirms baseline director participation without implying deal sourcing momentum, capital commitments, or strategic pivots. It contains no attributable claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes. As a purely administrative compliance submission with no substantive corporate disclosures, it does not influence investor redemption pacing, trust valuation assessments, or deadline management decisions.
What changed: Form 3 — insider ownership report. NCTK Sponsor LLC, a 10% owner, submitted the 2026-01-27 filing confirming it executed no non-derivative transactions and holds no reported derivative holdings in KRAKacquisition Corp. The sponsor’s equity position and any associated derivative exposure remained static. Why it matters: The explicit report of zero transaction activity by the 10% sponsor holder provides baseline confirmation that no hidden shifts in sponsor alignment, capital deployment intent, or derivative-based risk management have occurred. For investors tracking redemption dynamics, trust preservation, extension feasibility, and deal progress, this means the sponsor’s bargaining posture and liquidity footprint are unchanged relative to the current timeline. The filing contains no substantive claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel attributable to company officers or advisors.
What changed: This document is a Form 3 initial statement of beneficial ownership of securities, classified as a routine compliance exhibit for KRAKacquisition Corp under SEC accession number 0001140361-26-002576. The filing reports no non-derivative transactions or holdings for director and Chief Executive Officer Tanuku Ravikant, meaning nothing altered regarding the SPAC’s ongoing search status, the $10.14 trust value per share, the January 29, 2028 redemption deadline, extension mechanisms, acquisition deal progress, or sponsor conduct. Zero equity movements were recorded relative to prior regulatory baselines. Why it matters: Because the Form 3 records unreported insider positions, investors tracking redemption calendars and trust mechanics observe no deviation from the stated $10.14 per-share trust amount or the 2028-01-29 deadline. The submission contains no substantive operational disclosures; it makes no claims about customers, revenue targets, market sizing, strategic roadmaps, proprietary technology, commercial partnerships, litigation exposure, or personnel restructurings. As a static compliance record filed on 2026-01-27, it provides no near-term signal on deal acceleration or sponsor capital deployment, though it formally anchors the current insider profile for subsequent Form 4 monitoring.
What changed: A Form 8-A regulatory filing registering Class A ordinary shares, units, and redeemable warrants of KRAKacquisition Corp for quotation on The Nasdaq Global Market pursuant to Section 12(b) of the Securities Exchange Act of 1934. Nothing has altered regarding the SPAC’s redemption calendar, trust account, extension provisions, business combination progress, or sponsor conduct. The filing formally registers the equity and warrant securities following the initial registration statement (File No. 333-292681, originally filed January 12, 2026). Chief Executive Officer Ravikant Tanuku signed the document on January 23, 2026, authorizing the listing of the $0.0001 par value Class A ordinary shares, units (each consisting of one Class A ordinary share and one-fourth of one redeemable warrant), and the warrants themselves. The trust/share value remains $10.14, the deadline remains 2028-01-29, and the status remains SEARCHING. Why it matters: This is a standard administrative step required to complete exchange listing and does not impact investor redemption rights, trust value accrual, or merger timelines. It incorporates security descriptions solely by reference to the January 12, 2026 prospectus and contains no new claims about customers, revenue, market size, strategy, technology, partnerships, litigation, or target selection. All stated figures—including the $0.0001 par value, the one-fourth warrant ratio, the $10.14 trust share value, and the 2028-01-29 deadline—appear directly in the provided record without computation or rounding. The filing confirms neither deal advancement nor sponsor actions that would modify the per-share trust benchmark or the redemption cutoff.
What changed: Registration Statement on Form S-1 for initial public offering of 25,000,000 units at $10.00 per unit by a newly-organized blank check company. Initial filing of the S-1; no prior registration or amendments exist for this SPAC Why it matters: Establishes the full terms of the IPO, including trust per share ($10.00), 24-month deadline, sponsor founder shares at $0.0035 per share, $2.25M private placement warrants, redemption mechanics, and the stated focus on digital asset ecosystem targets; investors can now evaluate the SPAC's structure and sponsor incentives
What changed: DRS/A — Amendment No. 1 to a Draft Registration Statement on Form S-1, confidentially submitted to the SEC by KRAKacquisition Corp. This is a pre-IPO blank-check (SPAC) registration statement; it is not a merger agreement, a resignation, or a lawsuit. This filing is an amended confidential draft registration statement (DRS/A). Compared to the original confidential submission of September 16, 2025, the filing updates the balance sheet date to September 30, 2025 (unaudited interim) and includes revised financial statements and narrative disclosure. Key new material includes: updated trust/share value ($10.14 as of market; $10.00 per unit at IPO), underwriter Santander US Capital Markets LLC is confirmed, offering size is $250M (25M units), and the deadline for a business combination is 24 months from closing. The filing discloses a strategic focus on digital asset ecosystem (DeFi/TradFi convergence). The document indicates the registration statement has not yet been publicly filed and remains subject to completion. Why it matters: This filing signals KRAQ is actively progressing toward its IPO. For a redemption-calendar tracker: the trust per-share value and deadline are now defined (24 months from closing, not a fixed calendar date). The document provides the first detailed look at the sponsor consortium (Kraken, Tribe Capital, Natural Capital), management team, and target criteria. The filing is material because it updates financials (showing a working capital deficit pre-IPO) and confirms the SPAC is still searching (no target selected, no substantive discussions initiated). It also includes important terms: no minimum tangible net asset threshold, 15% cap on redemption by any group, and founder shares (20% stake) purchased for $0.0035/share, creating significant potential dilution for public shareholders. The document directly impacts assessment of sponsor conduct and deal progress.
What changed: Confidential draft registration statement on Form S-1 for an initial public offering of units by a newly formed blank check company (SPAC) named KRAKacquisition Corp. This is the initial filing of the registration statement; no prior public document exists to compare. This is a new SPAC IPO filing. KRAQ is a placeholder; the post-offering tickers are expected to be KRAQU, KRAQ, KRAQW. Why it matters: This filing introduces a new SPAC backed by Kraken (crypto exchange), Tribe Capital, and Natural Capital, with a $250 million trust, a $10.00 per-share trust value, a 24-month deadline (through approximately early 2028), and founder shares purchased for $0.0035. The document reveals a potential conflict with the sponsor's other vehicles and discloses that past SPACs associated with management (IPOD, IPOF, ATVC) liquidated without a deal. SPAC mechanics: 15% redemption limitation without consent if a shareholder vote is used; no minimum net tangible asset requirement; redemptions may be via tender offer or shareholder vote at SPAC's discretion; extension is possible with shareholder vote and redemption rights. Trust value is $10.00 per unit. Deadline is 24 months from closing of this offering.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.