secwatch.observer — SEC 8-K summary
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Issuer:     KRAKacquisition Corp (KRAQ)
CIK:        0002082119
Form:       8-K
Filed at:   2026-02-04T23:59:59+00:00
Accession:  0001140361-26-003733
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2082119/000114036126003733/0001140361-26-003733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2082119/000114036126003733/ny20054630x12_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-003733

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