Daily SPAC Update – January 28, 2026

by | Jan 28, 2026

Kraken and Tribe Capital IPO KrakAcquisition Corp and Space Asset Acquisition Debuts for $200 Million. AA Mission Extension Vote. Churchill Capital IX Delays Deal Vote.

Boardroom Alpha SPAC Resources
– Read our December 2025 SPAC Review
– Full SPAC Listing
– SPAC SEC Filings
– Boardroom Alpha IPO & SPAC Intelligence Platform (7-Day Trial)

TODAY’S SPAC IPOs

SPAC IPO: KRAKACQUISITION CORP. (KRAQ)
Ticker: KRAQ (Units: KRAQU)
Size: $300 Million
Sponsor: KRAK Sponsor LLC (Affiliates of Kraken, Tribe Capital, and Natural Capital)

KRAKacquisition Corp. upsized its initial public offering to $300 million on January 27, 2026, and begins trading on the Nasdaq today. Originally filed at $250 million, the increased size reflects robust appetite for a vehicle backed by a “triple threat” of institutional powerhouses: Kraken, one of the world’s largest digital asset platforms; Tribe Capital, a premier data-science-driven VC firm; and Natural Capital. This launch represents one of the most significant SPAC entries into the digital asset space in recent years, signaling a strategic bridge between the DeFi ecosystem and traditional public markets.

Strategy: The SPAC is targeting high-growth businesses within the digital asset economy. Specific areas of focus include payment networks, tokenization platforms, blockchain infrastructure, and compliance solutions. The team aims to identify a target that is bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi), prioritizing companies with strong regulatory alignment and organic growth potential.

Leadership Team:

  • Ravi Tanuku (CEO & Director): A co-founder and General Partner at Natural Capital with deep experience in operational scaling and investments.
  • Sahil Gupta (CFO): Leader of Strategic Initiatives at Kraken and former head of Tesla’s engineering and product operations at Tesla Finance.
  • Arjun Sethi (Director): Co-founder and Chairman of Tribe Capital and a noted expert in using data to drive venture outcomes.

Structure: 30 million units at $10.00. Each unit consists of one Class A ordinary share and one-fourth (1/4) of one redeemable warrant. The tightening of the warrant coverage (from 1/3 to 1/4 in many similar high-profile deals) highlights the sponsor’s leverage and the perceived quality of the management team. Santander acted as the sole book-runner.

SPAC IPO: SPACE ASSET ACQUISITION CORP. (SAAQ)
Ticker: SAAQ (Units: SAAQU)
Size: $200 Million
Sponsor: Space Asset Sponsor LLC

Space Asset Acquisition Corp. priced its $200 million initial public offering on January 27, 2026, and commences trading on the Nasdaq today. Based in Princeton, NJ, SAAQ enters the market as a specialized vehicle focused on the “Space 2.0” revolution. Unlike the speculative space-tech launches of the previous cycle, this team brings a heavy concentration of venture capital expertise specifically in orbital economics and defense-linked aerospace technologies.

Strategy: The company is focused on the global space economy, including technology and defense sectors. Management intends to look for targets involved in satellite-based data services, Earth observation, and secured communications—sectors that are currently benefiting from increased government spending and a shift toward commercial-off-the-shelf (COTS) space hardware.

Leadership Team:

  • Raphael Roettgen (Chairman): Founder of E2MC Ventures, a dedicated space-sector VC firm. He is a recognized thought leader in space entrepreneurship and a former investment banker at JP Morgan and Deutsche Bank.
  • Peter Ort (Principal Executive Officer): A seasoned executive with a history at Goldman Sachs and experience across the “Concord” family of SPACs.
  • Jeff Tuder (CFO): An Operating Partner at Atlas Merchant Capital and a veteran of multiple successful SPAC vehicles, including Digital Asset Acquisition Corp (DAAQ).

Structure: 20 million units at $10.00. Each unit consists of one Class A ordinary share and one-third (1/3) of one redeemable warrant. Whole warrants are exercisable at $11.50 per share. BTIG, LLC acted as the sole book-running manager.

DAILY SPAC UPDATE

SPAC DEAL & EXTENSION VOTES SET
RACY – Relativity Acquisition Corp * EXTENSION VOTE SET: Feb 13, 2025 * trust $12.75

EXTENSION VOTES
AAM – AA MISSION ACQUISITION CORP * vote January 28, 2026 -> extend from February 2, 2026 to February 2, 2027

SEPARATE WARRANTS/RIGHTS
Jan 30: MESHFLOW ACQUISITION CORP (MESH)
Jan 29: BLACK SPADE ACQUISITION III CO (BIII)
Jan 27: HALL CHADWICK ACQUISITION CORP (HCAC)
Jan 26: NEW AMERICA ACQUISITION I CORP (NWAX)
Jan 26: SAFEGUARD ACQUISITION CORP (SAC)
Jan 26: LEAPFROG ACQUISITION CORP (LFAC)

OTHER SPAC NEWS
HSPOF – HORIZON SPACE ACQUISITION I CORP * Auditor Change
PLMK – PLUM ACQUISITION CORP IV * Investor Deck
DMYY – DMY SQUARED TECHNOLOGY GROUP INC * Media Transcript
CAEP – CANTOR EQUITY PARTNERS III INC * Media Transcript
CCIX – CHURCHILL CAPITAL CORP IX * Media Transcript
CCIX – CHURCHILL CAPITAL CORP IX * Vote Delayed

SPAC MOVERS

YESTERDAY’S TOP SPAC GAINERS
27.4% ~ $ 15.71 | ASPC – ASPAC III ACQUISITION CORP (Announced)
8.4% ~ $ 7.72 | RDAC – RISING DRAGON ACQUISITION CORP (Announced)
5.1% ~ $ 12.65 | ESHA – ESH ACQUISITION CORP (Announced)
3.1% ~ $ 12.62 | TBMC – TRAILBLAZER MERGER CORP I (Announced)
1.7% ~ $ 16.93 | CCCX – CHURCHILL CAPITAL CORP X (Announced)

YESTERDAY’S TOP SPAC LOSERS
-2.8% ~ $ 53.26 | AFJK – AIMEI HEALTH TECHNOLOGY CO LTD (Announced)
-2.3% ~ $ 13.87 | PCSC – PERCEPTIVE CAPITAL SOLUTIONS CORP (Pre-Deal)
-.9% ~ $ 10.90 | SVAC – SPRING VALLEY ACQUISITION CORP III (Announced)
-.7% ~ $ 10.87 | CHAC – CRANE HARBOR ACQUISITION CORP (Announced)
-.6% ~ $ 10.18 | TVAI – THAYER VENTURES ACQUISITION CORP II (Pre-Deal)

LATEST SPAC IPO PERFORMANCE
Jan 28 | SAAQ – Space Asset Acquisition Corp.
Jan 28 | KRAQ – KRAKacquisition Corp
Jan 27 | GIX – GigCapital9 Corp.
Jan 27 | MLAA – Mountain Lake Acquisition Corp. II
Jan 23 | $ 9.98 | PTOR – Praetorian Acquisition Corp.
Jan 23 | $ 10.10 | ARCI – Archimedes Tech SPAC Partners III Co
Jan 23 | HLXC – Helix Acquisition Corp. III
Jan 23 | $ 10.03 | LEGO – Legato Merger Corp. IV
Jan 22 | $ 9.99 | ALOV – Aldabra 4 Liquidity Opportunity Vehicle, Inc.
Jan 21 | $ 9.99 | XCBE – X3 Acquisition Corp. Ltd.
Jan 16 | $ 9.99 | FGII – FG Imperii Acquisition Corp
Jan 16 | $ 10.21 | IEAG – Infinite Eagle Acquisition Corp.
Jan 14 | $ 10.10 | OIM – OneIM Acquisition Corp.
Jan 09 | $ 10.01 | ZKP – Lafayette Digital Acquisition Corp. I
Jan 08 | $ 10.09 | BBCQ – Bleichroeder Acquisition Corp. II
Jan 07 | $ 9.96 | SORN – Soren Acquisition Corp.
Jan 06 | $ 10.04 | BIII – Black Spade Acquisition III Co
Jan 06 | $ 10.00 | ARTC – Art Technology Acquisition Corp.

Recent Analysis

Daily SPAC Update – January 22, 2026

Aldabra 4 Liquidity Opportunity Vehicle Upsized $261 Million IPO. EGH Acquisition Corp + Hecate Energy Group Deal Announced. Keen Vision Extension Vote. Trailblazer Deal Vote Set.

Daily SPAC Update – January 21, 2026

X3 Acquisition Corp IPO. Broad Capital Acquisition and Columbus Acquisition Extensions Approved. Future Vision II Announces MicroTouch Technology Deal. Inception Growth Sets Extension Vote.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.