No recent public news coverage impacting the business model or operations was identified.

The company’s partnership with Kraken and experienced venture capital sponsors offers strategic advantages in sourcing and evaluating digital asset businesses with growth potential. Its strong liquidity position and flexible capital structure provide the financial capacity to pursue a range of transaction structures. The focus on the convergence of DeFi and TradFi targets a transformative sector with potential for innovation and market expansion. The Sponsor’s regulatory expertise may facilitate smoother integration and compliance for the combined entity.

The company currently has no operations and depends entirely on completing a Business Combination, which carries execution risk and uncertainty regarding the target’s future performance. The lack of diversification post-combination exposes the company to risks specific to a single business or industry. The management’s ability to evaluate and integrate the target’s management team is uncertain. Potential conflicts of interest and fiduciary duties of officers and directors may affect deal sourcing and selection. Shareholder approval requirements and financing conditions may complicate or delay the Business Combination process.

The company’s moat derives from its Sponsor’s deep expertise and established presence in the digital asset ecosystem, particularly Kraken’s operational experience, regulatory knowledge, and network access. This provides differentiated sourcing opportunities, enhanced due diligence capabilities, and operational support potential for the target business post-combination. However, as a SPAC, the company currently has no operations or products and depends entirely on completing a successful Business Combination to create shareholder value.

• Execution Risk of Business Combination: The company has not yet completed a Business Combination and faces risks related to identifying, evaluating, and closing a suitable transaction within the required timeframe.
• Dependence on Single Business Post-Combination: Post-Business Combination, the company’s success depends on the performance of a single acquired business, limiting diversification and increasing exposure to industry-specific risks.
• Management and Sponsor Conflicts: Officers, directors, and the Sponsor may have fiduciary or contractual obligations that could affect the presentation and selection of Business Combination opportunities.
• Regulatory and Compliance Risks: The company’s target businesses operate in a complex regulatory environment, and compliance challenges may affect operations and integration.
• Financing and Shareholder Approval Risks: The Business Combination may require additional financing and shareholder approvals, which could delay or complicate the transaction.

• KRAKacquisition Corp is a blank check company incorporated on July 28, 2025, as a Cayman Islands exempted company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (a Business Combination).
• The company intends to focus on companies in the digital asset ecosystem, particularly those bridging decentralized finance (DeFi) and traditional finance (TradFi), including payment networks, tokenization platforms, blockchain infrastructure, and compliance solutions.
• The Sponsor is a partnership including Payward, Inc. (d/b/a Kraken), Tribe Capital, and Natural Capital, bringing expertise in crypto, fintech, venture capital, and SPACs.
• The company completed its Initial Public Offering (IPO) on January 29, 2026, raising gross proceeds of $345 million from 34.5 million units at $10.00 per unit, including full exercise of the over-allotment option.
• Simultaneously, the company sold 2,250,000 Private Placement Warrants to its Sponsor for $2.25 million.
• As of December 31, 2025, approximately $345 million was held in the Trust Account, with $44,147 cash held outside the Trust Account, and no funds withdrawn from the Trust Account to pay taxes.
• The company currently has no operations and nominal assets consisting almost entirely of cash, qualifying it as a shell company under the Exchange Act.
• The company’s strategy is to identify and complete an initial Business Combination with a company that can benefit from the strategic, transactional, and operating experience of its management and sponsors, focusing on businesses with strong growth prospects, resilient business models, and defensible market positions.
• Kraken’s participation as a partner in the Sponsor provides advantages including deep ecosystem access, enhanced diligence capabilities, proven operating experience, and regulatory expertise across multiple jurisdictions.
• The company has reviewed multiple potential Business Combination targets but has not determined whether it will complete a Business Combination with any of them.
• The company may use cash from the IPO proceeds, private placement shares, equity, debt, or a combination thereof to effectuate its initial Business Combination.
• The company may raise additional funds through private offerings of debt or equity securities in connection with the Business Combination.
• The company’s financial snapshot as of June 30, 2026, shows cash and equivalents of $746,553, current assets of $816,200, current liabilities of $90,095, a current ratio of 9.06, and a cash ratio of 8.29.
• Net income for the quarter ended June 30, 2026, was $2,845,920.
• Basic and diluted earnings per share for the fiscal year ended December 31, 2025, were both -$0.01 per share.
• The company has no disclosed revenue as it has not commenced operations.
• The company’s management and directors may have fiduciary or contractual obligations that could affect the presentation of Business Combination opportunities.
• The company may pay finder’s fees or consulting fees to its Sponsor or affiliates in connection with identifying and completing the Business Combination.
• The company’s post-Business Combination success depends on the performance of a single business, with limited diversification.
• Shareholder approval may be required for the Business Combination depending on the terms and share issuance.
• The company’s Sponsor, directors, officers, or affiliates may purchase shares in private or open market transactions before or after the Business Combination, subject to applicable laws and rules.