Svmuu News: U.S. cryptocurrency exchange Kraken is backing a newly formed special purpose acquisition company (SPAC) that plans to go public through a Kraken-affiliated sponsor.KrakAcquisition, a newly established blank-check company backed by Kraken, Tribe Capital, and Natural Capital, filed documents with the U.S. Securities and Exchange Commission (SEC) on Monday (January 13), proposing to raise up to $250 million through an initial public offering (IPO).According to SEC filings, the exempt company—incorporated in the Cayman Islands in July 2025—plans to issue 25 million shares (at $10 per share) and intends to list on the Nasdaq Global Market under the ticker symbol “KRAQU.”Although the SPAC primarily targets companies in the cryptocurrency infrastructure sector, Kraken reportedly filed a confidential S-1 form separately last November to explore potential IPO opportunities for its common stock. (Cointelegraph)