Kraken-backed SPAC files for $250 million initial public offering

A special purpose acquisition company (SPAC) that is backed by Kraken, the prominent cryptocurrency exchange, has officially filed documents to initiate a substantial initial public offering (IPO) aimed at raising $250 million. This move marks a significant step in the company’s journey as it seeks to enter the public market and could pave the way for future investments and strategic mergers in the evolving landscape of the financial and cryptocurrency sectors. source: https://www.coindesk.com/business/2026/01/13/kraken-backed-spac-files-for-usd250-million-initial-public-offering