Krakacquisition (KRAQ)
Market Price (5/30/2026): $9.925 | Market Cap: $318.0 MilSector: Financials | Industry: Multi-Sector Holdings
Krakacquisition (KRAQ)
Market Price (5/30/2026): $9.925Market Cap: $318.0 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 2.7% | Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -83% | Key risksKRAQ key risks include [1] the failure to complete an initial business combination as a blank check company, Show more. |
| Low stock price volatilityVol 12M is 2.7% |
| Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% |
| Weak multi-year price returns2Y Excs Rtn is -44%, 3Y Excs Rtn is -83% |
| Key risksKRAQ key risks include [1] the failure to complete an initial business combination as a blank check company, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 5/1/2026
Krakacquisition (KRAQ) stock has remained largely at the same level since it went public on 3/23/2026 because of the following key factors:
1. Status as an Undeclared Special Purpose Acquisition Company (SPAC).
Krakacquisition (KRAQ) is a blank check company formed for the sole purpose of effecting a business combination, and it has not yet selected or engaged in substantive discussions with any specific acquisition target. SPACs like KRAQ typically trade at or very near their initial public offering price, which was $10.00 per unit for KRAQU, as their value is primarily based on the cash held in a trust account, providing a stable floor for the stock until a definitive merger agreement is announced.
2. Absence of Significant Company-Specific Catalysts.
During the period since KRAQ's shares began separate trading around March 23, 2026, there has been a lack of new, material company-specific news or operational earnings reports that would typically drive significant stock movement. The company reported a net loss of USD 0.102375 million for the five months ended December 31, 2025, with a basic loss per share of USD 0.01, which predates the specified analysis period. The absence of new financial performance data or major business developments has contributed to the stock's stability.
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Krakacquisition (KRAQ) stock has remained largely at the same level since it went public on 3/23/2026 because of the following key factors:
1. Status as an Undeclared Special Purpose Acquisition Company (SPAC).
Krakacquisition (KRAQ) is a blank check company formed for the sole purpose of effecting a business combination, and it has not yet selected or engaged in substantive discussions with any specific acquisition target. SPACs like KRAQ typically trade at or very near their initial public offering price, which was $10.00 per unit for KRAQU, as their value is primarily based on the cash held in a trust account, providing a stable floor for the stock until a definitive merger agreement is announced.
2. Absence of Significant Company-Specific Catalysts.
During the period since KRAQ's shares began separate trading around March 23, 2026, there has been a lack of new, material company-specific news or operational earnings reports that would typically drive significant stock movement. The company reported a net loss of USD 0.102375 million for the five months ended December 31, 2025, with a basic loss per share of USD 0.01, which predates the specified analysis period. The absence of new financial performance data or major business developments has contributed to the stock's stability.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| KRAQ | ||
| Market (SPY) | 9.6% | 20.1% |
| Sector (XLF) | -3.0% | 28.2% |
Fundamental Drivers
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Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| KRAQ | ||
| Market (SPY) | 11.5% | 20.1% |
| Sector (XLF) | -0.7% | 28.2% |
Fundamental Drivers
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Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| KRAQ | ||
| Market (SPY) | 38.0% | 20.1% |
| Sector (XLF) | 7.4% | 28.2% |
Fundamental Drivers
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Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| KRAQ | ||
| Market (SPY) | 89.0% | 20.1% |
| Sector (XLF) | 63.2% | 28.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KRAQ Return | - | - | - | - | - | 0% | 0% |
| Peers Return | -0% | 0% | 0% | ||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| KRAQ Win Rate | - | - | - | - | - | 67% | |
| Peers Win Rate | 50% | 50% | |||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| KRAQ Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -1% | ||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APXT, BCSS, CCXI, NWAX, IEAG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
KRAQ has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
KRAQ has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Krakacquisition (KRAQ)
We are a blank check company incorporated on July 28, 2025 as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination in any business or industry or sector, we intend to concentrate our efforts on companies in the digital asset ecosystem. Our mission is to accelerate the next phase of growth for the teams building the bridge between decentralized finance (“DeFi”) and traditional finance (“TradFi”). We expect to focus on companies developing the core infrastructure of the digital asset economy—payment networks, tokenization platforms, blockchain infrastructure, compliance solutions, and other essential services. While we retain flexibility to pursue opportunities in any sector, we believe the most transformative opportunities lie in the convergence of DeFi and TradFi. We believe that our sponsor’s deep expertise in these sectors will provide us with multiple opportunities in these sectors. Our executive offices are located in Menlo Park, California.
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A blank check company (SPAC) looking to acquire and take public the "Stripe for the digital asset economy".
A blank check company (SPAC) looking to acquire and take public the "Amazon Web Services for blockchain infrastructure".
A blank check company (SPAC) looking to acquire and take public the "PayPal for bridging traditional and decentralized finance".
AI Analysis | Feedback
- Initial Business Combination: As a blank check company (SPAC), Krakacquisition's primary objective is to identify and execute a merger, acquisition, or similar business combination with one or more private operating businesses.
AI Analysis | Feedback
There are no major customers to identify for Krakacquisition (KRAQ). KRAQ is a Special Purpose Acquisition Company (SPAC) that has not yet completed an initial business combination. As a blank check company, it currently does not have any operational business activities or generate revenue, and therefore does not have any customers.AI Analysis | Feedback
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Ravi Tanuku, Chief Executive Officer and Director
Ravi Tanuku has served as the CEO and a Director of KRAKacquisition Corp. since August 2025. He is also a co-founder and General Partner at Natural Capital, a venture capital firm.
Sahil Gupta, Chief Financial Officer
Sahil Gupta serves as the Chief Financial Officer of KRAKacquisition Corp. He is also the leader of Strategic Initiatives at Kraken, one of the longest-standing and most secure crypto platforms.
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Key Risks to Krakacquisition (KRAQ)
- Inability to Complete an Initial Business Combination: As a blank check company, Krakacquisition's sole purpose is to effect a business combination. There is a significant risk that the company may not be able to identify or successfully complete a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses within the required timeframe. If an initial business combination is not completed, Krakacquisition will be forced to liquidate, and its shares will be redeemed, potentially resulting in investors only receiving their initial investment back without any interest or appreciation.
- Risks Associated with the Digital Asset Ecosystem and Regulatory Uncertainty: Krakacquisition intends to concentrate its efforts on companies in the digital asset ecosystem, specifically those building the bridge between decentralized finance (“DeFi”) and traditional finance (“TradFi”), and developing core infrastructure. This sector is characterized by extreme volatility, rapid technological change, and significant regulatory uncertainty across various jurisdictions. Future legislative or regulatory developments, including potential bans or restrictions on digital assets or related activities, could materially and adversely affect the value or operations of potential target companies, making it difficult to find a suitable acquisition or negatively impacting the combined entity's prospects after a business combination.
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Share Issuance
- Krakacquisition Corp completed its initial public offering (IPO) on January 29, 2026.
- The company issued 34,500,000 units at $10.00 per unit during its IPO.
- KRAQ also issued 2,250,000 private placement warrants at $1.00 per warrant to NCTK Sponsor LLC.
Inbound Investments
- The combined net proceeds from the IPO and the private placement amounted to $345,000,000.
- These funds are held in trust to be used for the company's initial business combination or for share redemptions.
Trade Ideas
Select ideas related to KRAQ.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.11 |
| Mkt Cap | 0.5 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.5 |
| P/S | - |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | - |
| P/CFO | - |
| Total Yield | - |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | - |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.2% |
| 3M Rtn | 0.5% |
| 6M Rtn | 0.3% |
| 12M Rtn | 0.3% |
| 3Y Rtn | 0.3% |
| 1M Excs Rtn | -6.0% |
| 3M Excs Rtn | -9.7% |
| 6M Excs Rtn | -11.7% |
| 12M Excs Rtn | -28.4% |
| 3Y Excs Rtn | -82.5% |
Earnings Returns History
Updated 5/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 5/29/2026