Governance

Board Oversight

The board of directors is responsible for overseeing the company’s strategy, risk management, compliance, and governance practices. The board provides independent oversight of management and is responsible for evaluating matters related to any potential business combination, subject to applicable legal and regulatory requirements.

The composition of the board, including directors and director nominees, is disclosed in the company’s filings with the U.S. Securities and Exchange Commission.

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Board Committees

The board has established, or will establish, committees as required under applicable laws and Nasdaq listing standards, including:

• Audit Committee: Oversees financial reporting, internal controls, risk management, and the engagement of the independent registered public accounting firm.
  
  
• Compensation Committee: Oversees compensation policies and practices, including matters relating to executive compensation.
  
  
• Nominating and Governance Committee: Oversees corporate governance practices, board composition, and director nomination processes.
  
  

Committee charters and related governance documents are available in the Investor Relations section of this website.

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Ethics and Compliance

KRAKacquisition Corp. has adopted a code of ethics and other governance policies designed to promote integrity, ethical conduct, and compliance with applicable laws and regulations. These policies apply to directors, officers, and employees, as applicable.

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Independence and Conflicts

The company maintains governance practices intended to support director independence and appropriate management of potential conflicts of interest. Any actual or potential conflicts are addressed in accordance with the company’s organizational documents and disclosed as required in its public filings.

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Risk Oversight

The board oversees the company’s risk management processes, including risks related to regulatory compliance, financial reporting, and the evaluation of potential business combination opportunities. Risk oversight is an integral part of the board’s responsibilities.

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Additional Information

Further details regarding KRAKacquisition Corp.’s governance practices, risk factors, and organizational structure are available in the company’s filings with the U.S. Securities and Exchange Commission and in the Investor Relations section of this website.