KRAKacquisition Corp

KRAKacquisition Corp (KRAQ) is a blank check company formed for the purpose of completing a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses. It generates no operating revenue. The company completed its Initial Public Offering on or around January 28, 2026, with proceeds held in a Trust Account managed by Continental Stock Transfer and Trust Company. Public shareholders are entitled to receive funds from the Trust Account upon redemption if a Business Combination is not completed within 24 months of the IPO closing, with a redemption value of approximately $10.00 per share. The deferred underwriting discount totals $10,350,000 in aggregate, payable only upon completion of an initial Business Combination. NCTK Sponsor LLC serves as the Sponsor. Santander is engaged as a financial advisor, earning a fee equal to 3.00% of gross IPO proceeds, or $10,350,000, payable at closing of an initial Business Combination. As of March 30, 2026, the company has not paid any cash dividends and does not intend to prior to completing a Business Combination. KRAKacquisition Corp was incorporated on July 28, 2025.