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KRAKacquisition KRAQ Business Segments — Prepaid Insurance

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Other financials

Income statement

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Operating income-$11.0M
Net income-$8.9M
EPS (diluted)-$0.01

Balance sheet

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Cash & equivalents$824.6K
Total debt$77.4K
Total equity-$19.9M
Total assets$348.0M

Cash flow

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Operating cash flow-$669.9K

Valuation

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Market cap$432.11M+1.2%
Enterprise value$431.37M

Returns & leverage

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Debt / equity-0×
Current ratio7.7×

Where this comes from

Reported directly by KRAKacquisition in its filing.

Tagged under the XBRL concept us-gaap:PrepaidInsurance.

The source filing: KRAKacquisition’s 10-Q, filed May 15, 2026.

Filed
May 15, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001140361-26-021655
Line itemMarch 31, 2026December 31, 2025
Cash and Cash Equivalents$824,617$44,147
Prepaid insurance - Current69,647
Prepaid insurance - Non-Current57,816
Marketable securities held in Trust Account346,999,121
Deferred offering costs436,015
Total Assets$347,951,201$480,162

Item 1. Financial Statements

FAQ

What is KRAKacquisition's business segments — prepaid insurance?
KRAKacquisition (KRAQ) reported business segments — prepaid insurance of $69.65K in Q1 2026.
What does business segments — prepaid insurance mean?
Reflects the portion of insurance premiums paid in advance for coverage that has not yet been utilized. This asset represents a future economic benefit as the company will receive insurance protection over the remaining policy term. It is a standard component of working capital management for entities maintaining corporate risk coverage.

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