Here are the 10-Q quarterly reports from KRAKacquisition Corp (KRAQ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KRAQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KRAQ filings page.
KRAKacquisition Corp, a Cayman Islands special purpose acquisition company, reported its first period of post-IPO results for the six months ended June 30, 2026. Total assets were $350.8 million, driven mainly by $349.9 million of marketable securities held in a trust account for a future business combination.
The company recorded a net loss of $6.1 million for the six-month period, reflecting $11.2 million of general and administrative expenses, partially offset by $5.1 million of interest income on trust and operating cash. Class A shares subject to possible redemption totaled 34,500,000 at a redemption value of $10.14 per share, classified as temporary equity. A working capital surplus of $726,105 and $746,553 of cash outside the trust support ongoing search and operating costs.
The IPO closed on January 29, 2026, issuing 34.5 million units for $345.0 million in gross proceeds, plus 2.25 million private placement warrants for $2.25 million. The SPAC has until January 29, 2028 to complete a business combination, with 10,875,000 warrants outstanding and significant deferred obligations, including $10.35 million in deferred underwriting fees and a $10.35 million advisory fee payable upon closing a transaction.
KRAKacquisition Corp, a newly formed SPAC, reported a net loss of $8,910,820 for the three months ended March 31, 2026, driven by general and administrative expenses of $10,965,430, partly offset by $2,054,610 of interest income on invested IPO proceeds.
After its January IPO of 34,500,000 units raising gross proceeds of $345,000,000, the company held $346,999,121 of marketable securities in a Trust Account and $824,617 of cash outside the trust, resulting in working capital surplus of $778,481 as of March 31, 2026.
All 34,500,000 Class A ordinary shares are redeemable at $10.06 per share, while 8,625,000 Class B founder shares remain outstanding. The SPAC has until January 29, 2028 to complete a qualifying Business Combination or it will liquidate and return Trust Account funds to public shareholders.