{"url_path":"/sec/kraq/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2082119/0001140361-26-021655-index.html","accession_number":"0001140361-26-021655","cik":"0002082119","ticker":"KRAQ","issuer_name":"KRAKacquisition Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/2082119/0001140361-26-021655-index.html","primary_entity_key":"0002082119","primary_entity_name":"KRAKacquisition Corp"},"word_count":640,"has_tables":true,"body_markdown":"UNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-Q\n\n(Mark One)\n\n☒\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the quarterly period ended March 31, 2026\n\nOR\n\n☐\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from ______________ to ______________\n\nCommission File Number 001-43073\n\nKRAKacquisition Corp\n\n(Exact name of registrant as specified in its charter)\n\nCayman Islands\n \n98-1875195\n\n(State or other jurisdiction of Incorporation or organization)\n \n(I.R.S. Employer Identification Number)\n\n1455 Adams Dr #1630\n\nMenlo Park, CA 94025\n \n94025\n\n(Address of principal executive offices)\n \n(Zip Code)\n\n     \n\nRegistrant’s telephone number, including area code:\n \n(415) 538-3600\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nUnits, each consisting of one Class A ordinary share, and one-fourth of one redeemable warrant\n\n \n\nKRAQU\n\nThe Nasdaq Stock Market LLC\n\nClass A ordinary shares, par value $0.0001 per share\n\n \n\nKRAQ\n\nThe Nasdaq Stock Market LLC\n\nRedeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50\n\n \n\nKRAQW\n\nThe Nasdaq Stock Market LLC\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large\naccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \nLarge accelerated filer ☐\n\nAccelerated filer ☐\n\n \nNon-accelerated filer ☒\n\nSmaller reporting company ☒\n\n \nEmerging growth company ☒\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\n\nYes ☒ No ☐\n\nAs of May 14, 2026, 34,500,000 Class A ordinary shares, including Class A ordinary shares underlying the units, and 8,625,000 Class B ordinary shares were issued and outstanding.\n\nINDEX\n\n \n\n \n\nPage\n\nPART I – Financial Information\n\n \n\n \n\n \n\n[Item 1: Financial Statements](#FinancialStatements)\n\nF-3\n\n \n\n \n\n[Condensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025](#CondensedBalanceSheets)\n\nF-3\n\n \n\n \n\n[Condensed Statement of Operations for the Three Months Ended March 31, 2026 (Unaudited)](#CondensedStatementsofInco)\n\n F-4\n\n \n\n \n\n[Condensed Statement of Changes in Shareholders’ Deficit for the Three Months Ended March 31, 2026 (Unaudited)](#CondensedStatementsofChan)\n\n F-5\n\n \n\n \n\n[Condensed Statement of Cash Flows for the Three Months Ended March 31, 2026 (Unaudited)](#CondensedStatementsofCash)\n\n F-6\n\n \n\n \n\n[Notes to Unaudited Condensed Financial Statements](#NOTES)\n\nF-7\n\n \n\n \n\n[Item 2: Management’s Discussion and Analysis of Financial Condition and Results of Operations](#MANAGEMENTSDISCUSSIONANDA)\n\n1\n\n \n\n \n\n[Item 3: Quantitative and Qualitative Disclosures about Market Risks](#QuantitativeandQualitativ)\n\n6\n\n \n\n \n\n[Item 4: Controls and Procedures](#ControlsandProcedures)\n\n6\n\n \n\n \n\n[PART II – Other Information](#PARTII-OTHERINFOR)\n\n6\n\n \n\n \n\n[Item 1: Legal Proceedings](#LegalProceedings)\n\n6\n\n \n\n \n\n[Item 1A: Risk Factors](#RisksFactors)\n\n6\n\n \n\n \n\n[Item 2: Unregistered Sales of Equity Securities and Use of Proceeds](#UnregisteredSalesofEquity)\n\n6\n\n \n\n \n\n[Item 3: Default Upon Senior Securities](#DefaultsUponSeniorSecurit)\n\n6\n\n \n\n \n\n[Item 4: Mine Safety Disclosures](#MineSafetyDisclosures)\n\n6\n\n \n\n \n\n[Item 5: Other Information](#OtherInformation)\n\n6\n\n \n\n \n\n[Item 6: Exhibits](#Exhibits)\n\n7\n\n \n\n \n\n[Signatures](#SIGNATURES)\n\n8\n\n \n\nF-2\n\n[Index](#INDEX)"}