Blank Check Firm Linked to Crypto Exchange Kraken Raises $345 Million in Upsized IPO

KRAKacquisition Corp, a special purpose acquisition company (SPAC) linked to crypto exchange Kraken, raised 345millioninthecompletionofitsupsizedIPOthisweek. ThefirmwhichtradesasKRAQUontheNasdaqsold34,500,000sharesat345 million in the completion of its upsized IPO this week.  The firm—which trades as KRAQU on the Nasdaq—sold 34,500,000 shares at 10 each, with an additional 4,500,000 shares purchased as part of an overallotment. It initially intended to sell 25 million shares when its registration statement was filed earlier this month.  The "blank check" firm is intended to merge or enter into a business combi ...

Blank Check Firm Linked to Crypto Exchange Kraken Raises $345 Million in Upsized IPO - Reportify