KRAKacquisition Corp., a SPAC associated with crypto exchange Kraken, is actively seeking potential acquisition targets with valuations ranging from $2 billion to $10 billion. The company, which completed a $345 million IPO in January, is focusing on crypto-native firms in sectors such as stablecoins, asset tokenization, DeFi, and payments. This move comes as Kraken itself plans to advance its own IPO later this year.