KRAKacquisition Corp
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
Contents
Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025
Condensed Balance Sheets
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and Cash Equivalents | $824,617 | $44,147 |
| Prepaid insurance - Current | 69,647 | — |
| Total current assets | 894,264 | 44,147 |
| Prepaid insurance - Non-Current | 57,816 | — |
| Marketable securities held in Trust Account | 346,999,121 | — |
| Deferred offering costs | — | 436,015 |
| TOTAL ASSETS | $347,951,201 | $480,162 |
| LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accrued offering costs | $20,569 | $328,386 |
| Accounts payable | 6,587 | 11,366 |
| Accrued expenses | 11,257 | 16,038 |
| Due to related party | 77,370 | — |
| Promissory note - related party | — | 201,747 |
| Total current liabilities | 115,783 | 557,537 |
| Deferred underwriting fee payable | 10,350,000 | — |
| Advisory fee payable | 10,350,000 | — |
| Total Liabilities | 20,815,783 | 557,537 |
| Commitments and Contingencies (Note 7) | ||
| Class A ordinary shares subject to possible redemption, 34,500,000 shares at redemption value of $10.06 per share at March 31, 2026 | 346,999,121 | — |
| Shareholders’ Deficit | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding | — | — |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued and outstanding (excluding 34,500,000 shares subject to possible redemption) | — | — |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,625,000 issued and outstanding (1) | 863 | 863 |
| Additional paid-in capital | — | 24,137 |
| Accumulated deficit | (19,864,566) | (102,375) |
| Total Shareholders’ Deficit | (19,863,703) | (77,375) |
| TOTAL LIABILITIES, REDEEMABLE CLASS A ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT | $347,951,201 | $480,162 |
1 Includes up to 1,125,000 Founder Shares that were subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (Note 6). On January 29, 2026, the Underwriters exercised their over-allotment option in full as part of the closing of the Initial Public Offering. As such, the 1,125,000 Founder Shares are no longer subject to forfeiture.
Index
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