KRAKacquisition Corp closes $345M IPO and $2.25M private placement on Jan 29, 2026

KRAKacquisition Corp

Issued 34.5M units at $10.00/unit for gross proceeds of $345M; over-allotment exercised in full.
Sponsor NCTK Sponsor LLC purchased 2.25M private placement warrants at $1.00 each, raising $2.25M.
$345M net proceeds deposited in trust account; cash outside trust $1.78M for working capital.
Audited balance sheet shows total assets $346.78M, shareholders' deficit ($19.38M) due to offering costs.
Must complete an initial business combination by Jan 29, 2028 (24 months from IPO close).

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