KRAKacquisition Corp closes upsized $345M IPO; 34.5M units at $10 each

KRAKacquisition Corp

Gross proceeds $345M from 34.5M units (full overallotment); each unit = 1 Class A share + 1/4 warrant exercisable at $11.50.
Sponsor purchased 2.25M private placement warrants at $1 each, generating $2.25M additional proceeds.
Net proceeds deposited in trust account; Company has 24 months to complete initial business combination or redeem shares.
Board expanded to 16; three former KRAK directors appointed: Michael Van de Ven, Barbara Smith, Derek Kerr.
Company has not selected any business combination target and has not engaged in substantive discussions.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

KRAKacquisition Corp: Adopted Second Amended and Restated Memorandum and Articles of Association (effective 2026-01-27).

Change: charter amendment
Effective: 2026-01-27

Exact text from the filing

On January 27, 2026, the Company adopted its Second Amended and Restated Memorandum and Articles of Association.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

KRAKacquisition Corp entered into Private Placement Warrants Purchase Agreement with NCTK Sponsor LLC (effective 2026-01-27).

Action: entry
Agreement: equity purchase
Counterparty: NCTK Sponsor LLC
Effective: 2026-01-27

Exact text from the filing

a Private Placement Warrants Purchase Agreement, dated January 27, 2026, between the Company and NCTK Sponsor LLC (the “ Sponsor ”), pursuant to which the Sponsor purchased 2,250,000 private placement warrants, each exercisable to purchase one Class A Ordinary Share at $11.50 per share, at a price of $1.00 per warrant

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

KRAKacquisition Corp entered into Registration Rights Agreement with NCTK Sponsor LLC and other Holders (effective 2026-01-27).

Action: entry
Counterparty: NCTK Sponsor LLC and other Holders
Effective: 2026-01-27

Exact text from the filing

a Registration Rights Agreement, dated January 27, 2026, between the Company, the Sponsor and the other Holders (as defined therein) signatory thereto

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

KRAKacquisition Corp entered into Warrant Agreement with Continental Stock Transfer & Trust Company (effective 2026-01-28).

Action: entry
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2026-01-28

Exact text from the filing

a Warrant Agreement, dated January 28, 2026, between the Company and Continental Stock Transfer & Trust Company, as warrant agent (the “ Warrant Agreement ”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

KRAKacquisition Corp entered into Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2026-01-28).

Action: entry
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2026-01-28

Exact text from the filing

an Investment Management Trust Agreement, dated January 28, 2026, between the Company and Continental Stock Transfer & Trust Company, as trustee

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

KRAKacquisition Corp entered into Underwriting Agreement with Santander US Capital Markets LLC (effective 2026-01-27).

Action: entry
Agreement: underwriting
Counterparty: Santander US Capital Markets LLC
Effective: 2026-01-27

Exact text from the filing

Company entered into the following agreements, forms of which were previously filed as exhibits to the Registration Statement: ● an Underwriting Agreement, dated January 27, 2026, between the Company and Santander US Capital Markets LLC, which contains customary

View on SEC.gov

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KRAKacquisition Corp filing history →

Source: SEC EDGAR

accession 0001140361-26-003274

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