Kraken backed SPAC raises $345 million in upsized Nasdaq IPO

A Kraken backed special purpose acquisition company raised three hundred forty five million dollars in an upsized Nasdaq IPO, exceeding initial expectations. Strong investor demand reflected optimism around digital asset infrastructure and crypto market recovery.Proceeds strengthen acquisition flexibility and signal improving capital market access for crypto linked firms. he listing highlights renewed appetite for blockchain related plays amid stabilising market conditions globally.