secwatch.observer — SEC 8-K summary
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Issuer:     KRAKacquisition Corp (KRAQ)
CIK:        0002082119
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001140361-26-003274
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2082119/000114036126003274/0001140361-26-003274-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2082119/000114036126003274/ny20054630x13_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-003274

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer