For Q1 FY2026 ended March 31, 2026, KRAKacquisition Corp reported a net loss of $8,910,820 and an operating loss of $10,965,430. The company had cash of $824,617 and negative equity of $19,863,703. No revenue was reported.
•Net loss of $8.9 million for Q1 FY2026.
•Operating loss of $11.0 million.
•Cash balance of $0.8 million; negative equity of $19.9 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
KRAKacquisition focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2025 and is based in Menlo Park, California.
KRAKacquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2025 and is based in Menlo Park, California. As a shell company, it currently has no operations of its own and its sole purpose is to identify and acquire a target business. The company operates in the Financial Services sector within the Shell Companies industry.
Where is KRAKacquisition Corp. (KRAQ) listed and in which currency?
KRAKacquisition Corp. is listed on the Nasdaq Capital Market (NasdaqGM) under the ticker symbol KRAQ. The company trades in U.S. dollars (USD), which is the standard currency for stocks listed on U.S. exchanges. Being listed on NasdaqGM provides the company with access to a broad base of institutional and retail investors, and it must comply with the exchange's listing requirements, including corporate governance and financial reporting standards.
What sector and industry does KRAKacquisition Corp. (KRAQ) belong to?
KRAKacquisition Corp. operates in the Financial Services sector and is classified under the Shell Companies industry. Shell companies are entities that have no active business operations or significant assets. They are often formed for the purpose of raising capital through an initial public offering (IPO) with the intention of acquiring or merging with an existing operating business. This structure allows the target company to go public more quickly and with less regulatory complexity than a traditional IPO.
Where is KRAKacquisition Corp. (KRAQ) headquartered and what is its geographic focus?
KRAKacquisition Corp. is headquartered in Menlo Park, California, United States. The company was incorporated in 2025 and is based in the heart of Silicon Valley, a region known for its concentration of technology companies and venture capital firms. While the company's geographic focus is not explicitly stated, as a SPAC it is likely to seek a merger target in the United States or potentially other English-speaking markets. The company's country of incorporation and listing exchange indicate a primary focus on the U.S. market.
What is the business model of KRAKacquisition Corp. (KRAQ)?
KRAKacquisition Corp. operates as a blank check company, meaning it has no current business operations and its business model is centered on identifying and completing a merger or acquisition with one or more operating businesses. The company raises capital through an initial public offering (IPO) and holds the proceeds in trust until a suitable target is found. Once a target is identified and the transaction is approved by shareholders, the company will combine with the target, effectively taking it public. The company does not generate revenue from operations until a business combination is completed.