Kraken-linked SPAC files for $250M IPO targeting crypto infrastructure

A special purpose acquisition company (SPAC) linked to Kraken has filed for a $250 million initial public offering (IPO) aimed at investing in crypto infrastructure. The SPAC, named "Kraken SPAC," plans to focus on companies that support the growth and development of the cryptocurrency ecosystem. The move reflects increasing interest in the crypto sector and the potential for significant investment opportunities. This IPO could further enhance Kraken's position in the market and attract more institutional investors to the cryptocurrency space.

Read the full article: Coin Telegraph

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