KRAKacquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants

Rhea-AI Summary

KRAKacquisition Corp (Nasdaq: KRAQU) announced that, effective March 20, 2026, holders may elect to separately trade the Class A ordinary shares and warrants included in the units sold in the IPO.

No fractional warrants will be issued; only whole warrants will trade. Separated Class A shares will trade as KRAQ and separated warrants as KRAQW, while unsplit units will continue trading as KRAQU. Holders must contact the transfer agent to effect the split.

Positive

• Separated securities will list as KRAQ (shares) and KRAQW (warrants)
• Unsplitted units will continue trading under KRAQU, preserving liquidity option
• Clear process: holders contact transfer agent to separate units into shares and warrants

Negative

• No fractional warrants will be issued, potentially leaving residual unit holders with unclaimed value
• Company has not selected any business combination target, maintaining SPAC uncertainty for investors

News Market Reaction – KRAQU

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-0.08% Session close to close

In the Mar 19 session, KRAQU declined 0.08%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Cheyenne, WY, USA, March 19, 2026 (GLOBE NEWSWIRE) -- KRAKacquisition Corp (Nasdaq: KRAQU) (the “Company”), a blank
check company sponsored by an affiliate of Natural Capital, Tribe Capital, and Payward, Inc. (Kraken), today
announced that, commencing March 20, 2026, holders of the units sold in the Company’s initial public offering may
elect to separately trade the Class A ordinary shares and warrants included in the units. No fractional warrants will
be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their
brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the
units into Class A ordinary shares and warrants. Those units not separated will continue to trade on the Nasdaq
Global Market under the symbol “KRAQU,” and the Class A ordinary shares and warrants that are separated will
trade on the Nasdaq Global Market under the symbols “KRAQ” and “KRAQW,” respectively.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the
Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus, copies of which may be obtained from
Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by
email at equity-syndicate@santander.us, or by telephone at 833-818-1602. 

About KRAKacquisition Corp

KRAKacquisition Corp was formed for the purpose of effecting a merger, share exchange, asset acquisition, share
purchase, reorganization, or similar business combination with one or more businesses. The Company has not
selected any specific business combination target.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the
anticipated date that the Class A ordinary shares and warrants may begin to trade separately and the ability for those
units not separated to continue to trade on Nasdaq. Actual results and circumstances could differ materially from
those contemplated by the forward-looking statements, which are subject to numerous conditions, many of which
are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s
registration statement and prospectus for the offering filed with the with the U.S. Securities and Exchange
Commission (the “SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes after the date of this release, except as required by
law.

KRAKacquisition Corp
Conor McLarnon
+44 7749 080 683
Conor@lunapr.io

FAQ

When will KRAQU units begin separate trading of Class A shares and warrants?

Separate trading begins on March 20, 2026. According to the company, holders may elect to split units starting that date by contacting the transfer agent to separate shares and whole warrants.

What symbols will KRAKacquisition Corp shares and warrants trade under after the split?

After separation, Class A ordinary shares will trade as KRAQ and warrants as KRAQW. According to the company, units not separated will remain listed as KRAQU on Nasdaq.

How do KRAQU holders separate their units into shares and warrants?

Holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent. According to the company, the transfer agent will process the conversion into whole shares and warrants.

Will fractional warrants be issued when KRAQU units are separated?

No, fractional warrants will not be issued upon separation. According to the company, only whole warrants will trade, so fractional entitlements will not result in fractional warrant certificates.

Will unsplit KRAQU units remain tradable after March 20, 2026?

Yes, unsplit units will continue to trade as KRAQU on the Nasdaq Global Market. According to the company, holders may choose to leave units intact and retain current listing status.

Does the separation indicate a selected merger target for KRAKacquisition Corp (KRAQU)?

No, the company has not selected any specific business combination target. According to the company, it remains formed to pursue a merger, share exchange, or similar business combination.