According to the source, KRAKacquisition Corp., a newly formed blank check firm linked to crypto exchange Kraken, proposed a $250 million public offering. Source: the source. The post does not disclose timeline, underwriters, or unit terms, which limits immediate pricing clarity and keeps focus on forthcoming official filings that will determine deal structure and potential market impact. Source: the source.

According to @business, Dhoot Transmission has appointed four banks to arrange its initial public offering in Mumbai, citing people familiar with the matter. Source: Bloomberg (@business), Sep 24, 2025. Bloomberg also reports the offering is around $250 million and notes the company is Bain-backed. Source: Bloomberg (@business), Sep 24, 2025. In India’s IPO process, appointing book-running lead managers typically precedes filing a draft red herring prospectus with SEBI, signaling a move toward launch. Source: SEBI ICDR Regulations. The report does not cite any direct cryptocurrency implications, while India ranks as the top crypto adoption market by activity, a context crypto traders monitor for sentiment spillovers. Source: Bloomberg (@business), Sep 24, 2025; Chainalysis, 2023 Geography of Cryptocurrency Report.